The 2012 worldwide VAT, GST and sales tax guide

42 A USTRIA – AZERBAIJAN
At the discretion of the VAT authorities, they may impose a penalty
of up to 10% of the VAT due for the late submission of a VAT
return.
If a taxable person continually fails to pay VAT, the VAT authorities
may consider the late payment to be tax fraud, which is subject
to much greater penalties.
J. EU declarations
An Austrian taxable person that trades with other EU countries
must complete statistical reports, known as INTRASTAT, if the
value of its intra-Community sales or purchases exceeds certain
thresholds. Separate reports are required for intra-Community
acquisitions (INTRASTAT Arrivals) and intra-Community supplies
(INTRASTAT Dispatches).
The threshold for INTRASTAT Arrivals is €500,000, effective
from 1 January 2010. The threshold for INTRASTAT Dispatches
is also €500,000, effective from 1 January 2010.
INTRASTAT returns may be filed on paper or electronically. The
returns must be completed in euros. The INTRASTAT return
period is monthly after the threshold has been exceeded (that is,
it is also necessary to file nil returns). The submission deadline
is the 10th business day of the month following the return period.
Penalties may be incurred if INTRASTAT declarations are persistently
late, missing or inaccurate.
EU Sales Lists. Under Article 44 of EU Directive 2006/112 (general
business-to-business rule), if an Austrian taxable person
makes intra-Community supplies of goods or performs intra-
Community services for which the place of supply is located in
another EU member state, it must submit an EU Sales List (ESL)
to the Austrian VAT authorities. An ESL is not required for any
period in which intra-Community supplies are not made.
For businesses submitting VAT returns quarterly, ESLs are submitted
monthly or quarterly. The due date is the last day of the
month following the end of the ESL period.
Late submissions of ESLs may lead to a penalty of up to 1% of
the amount of intra-Community supplies, determined at the discretion
of the tax authorities. However, the penalty may not
exceed €2,200 per ESL.
Incorrect submissions of ESLs may be considered an offense
against the law and may lead to a penalty of up to €5,000.
Azerbaijan
(Country code 994 )
Baku GMT +4
Ernst & Young
Hyatt International Centre
Hyatt Tower III, 1st Floor