Document background
Commercial Invoice And Proforma Invoice documents are fundamental to business transactions in Austria, serving as official records of sales and supporting documents for various business processes. These documents are essential for both domestic and international trade, with specific requirements under Austrian law and EU regulations. Commercial invoices serve as legally binding payment demands and tax documents, while proforma invoices are typically used for customs clearance, preliminary price quotations, or internal approval processes. The documents must comply with the Austrian Value Added Tax Act (UStG), Commercial Code (UGB), and EU VAT Directive requirements, including mandatory elements such as VAT identification, detailed product descriptions, and precise pricing information. They are particularly crucial for international trade, customs clearance, and tax documentation purposes.
