This package aims to equip self-employed individuals in Austria with the knowledge and skills to handle their VAT obligations independently. This package covers the entire process of VAT management, from maintaining accurate records to completing and filing VAT returns through the FinanzOnline platform. It covers key concepts of the Austrian Value Added Tax Act (UStG), focusing on practical application for self-employed individuals. Participants will learn about: VAT Registration: Understanding the revenue thresholds that trigger mandatory VAT registration and the process of registering. VAT Rates and Exemptions: Distinguishing between the standard 20% VAT rate and reduced rates applicable to specific goods and services. The workshop will also clarify VAT exemptions, including those for exports and small businesses. Input VAT Deduction: Learning how to claim back VAT paid on business expenses, understanding the conditions for eligibility, and identifying the relevant VAT keys to use in the VAT return. Reverse Charge Mechanism: Grasping the concept of reverse charge, its application in B2B transactions within the EU, and the steps involved in reporting VAT under this mechanism. VAT Return Filing: Gaining practical experience in completing and filing VAT returns through FinanzOnline, including understanding deadlines, identifying the relevant boxes for different transactions, and using the pre-calculation function to check accuracy and more! Disclaimer The information provided in this e-learning pack is intended for educational purposes only and does not constitute professional tax advice. While some businesses may find their VAT and tax situations straightforward and can manage their returns independently, others may encounter more complex scenarios. In such cases, we recommend consulting with a qualified tax advisor to ensure compliance with all relevant tax regulations.