In terms of volume, cash payments at the point of sale have decreased recently. Throughout the pandemic, this drop accelerated. 59% of transactions in 2022 were made in cash. Cash transactions made up 79% of all transactions in 2016, compared to 72% three years earlier. Cash, however, continued to be the most popular payment option at POSs in the euro region. For the first time, in 2022, when POS... Read more

In Austria, vending machines are obligated to follow fiscalization rules if they allow individual transactions higher than 20 EUR. If transactions can only go up to 20 EUR, then there is no fiscalization obligation. But, due to the specifics of operating a vending machine, are there any additional rules that need to be followed? Read more

The purpose of this document is to explain how vending machines (hereinafter: “VMs”) are treated in Austria in terms of their treatment within the scope of the Austrian fiscalization system. The main purpose of the document is to provide answers to the following questions: Are vending machines fiscalized in Austria or not? Is there an obligation to issue proof of payment for sales through a vending machine? If it is mandatory to issue a receipt, should it be fiscal or non-fiscal? Are there specific requirements regarding vending machines and fiscalization? Read more

The Austrian Ministry of Finance has announced that in 2023 they are planning more frequent audits of cash register systems. During 2022, many compliance issues were documented, hence, the authorities are planning a more strict control regimen for 2023. In the following are some tips on how to be prepared, as well as obligations to keep in mind Obligations to keep in mind: Obligation to issue... Read more

While we wait for the final text of the draft of the VAT in the Digital Age (ViDA) Directive, we can say that there are some certainties regarding the scope of the Directive, and the proposed scope is, as follows. EU Digital Reporting Requirements (DRR) were introduced for intra-EU transactions; Recapitulative statements have been removed. DRRs are to be mandatory or optional for domestic... Read more

The draft VAT in the Digital Age" (ViDA) Directive should have been adopted on November 16, 2022, but unfortunately the adoption was rescheduled for December 7, 2022. More details on what it brings are as follows. While for more specific information we would need the adoption of the text of ViDA, there are some insights it could bring: Digital Reporting Requirements (DRR)—Introduction o... Read more