Europe

Starting October 1, 2026, new facilitations for digital invoices (digitaler Beleg) come into force in Austria, implementing the EU’s VAT in the Digital Age (ViDA) package provisions ahead of schedule. The changes allow businesses to issue electronic invoices without prior recipient consent, simplify storage requirements, and align with the European standard EN 16931. The Ministry

Finance State Secretary Barbara Eibinger-Miedl led a high-level delegation to Vietnam to deepen bilateral economic cooperation, focusing on trade, investment, and tax treaty modernization. Discussions with Vietnamese counterparts covered the review of the existing double taxation agreement (DTA) to align with OECD BEPS standards and the Multilateral Instrument (MLI), as well as cooperation on tax

The task force for the winding-up of the COVID-19 Financing Agency (COFAG) reported that audits of pandemic-era subsidies have identified nearly 160 million euros in undue payments. The reviews covered fixed-cost subsidies, turnover subsidies, and hardship funds. Common irregularities included inflated turnover figures, fictitious fixed costs, and multiple applications for the same period. The Federal

The Federal Computing Center (Bundesrechenzentrum, BRZ), which operates the IT infrastructure for Austria’s tax administration including FinanzOnline, announced a leadership change. The new managing director will take office in October 2026, succeeding the outgoing CEO. The Ministry of Finance, as the principal owner, emphasized the strategic importance of BRZ for the digitalization of public administration,