VAT Art. 14 - Commencement and termination of tax liability and of exemptionfrom tax liability

Einleitung zur Rechtsnorm VAT:

Art. 14 VAT from 2024

Art. 14 Commencement and termination of tax liability and of exemptionfrom tax liability

¹ Tax liability commences:

² Tax liability ends:

³ Exemption from tax liability ends as soon as the total of the turnovers generated in the last financial year reaches the threshold in Article 10 paragraph 2 letters a or c or 12 paragraph 3, or it is foreseeable that the threshold will be exceeded within 12 months of commencing or extending the business activity.

⁴ Waiver of the exemption from tax liability may be declared at the earliest for the beginning of the current tax period.

⁵ If the qualifying turnover of the taxable person does not reach the turnover threshold under Article 10 paragraph 2 letters a or c or 12 paragraph 3 and it is expected that the qualifying turnover will also not be reached in the following tax period, the taxable person must de-register. De-registration is not possible before the end of the tax period in which the qualifying turnover is not reached. Failure to de-register is deemed to be waiver of the exemption from tax liability under Article 11. The waiver applies from the beginning of the following tax period.