To provide rapid support to the business sectors in Austria that have been indirectly affected by the lockdown, lockdown revenue compensation II has been introduced as an immediate grant. On 16 February, the corresponding Guidelines were published in the Austrian Federal Law Gazette. In the following entry (last updated 17 February 2021), we provide information […]
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To further mitigate the economic impact of the lockdown on Austrian companies, the Austrian Federal Government announced the revenue shortfall bonus (“Ausfallsbonus”) as an additional measure at the beginning of January 2021. On 16 February 2021, the corresponding Guidelines were published in the Austrian Federal Law Gazette. In the following entry, we provide information on […]
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The guidelines on granting a lockdown revenue compensation for companies directly affected by the lockdown (so-called December lockdown revenue compensation) were published on 17 December 2020 and updated on 28 December 2020. In the following entry, we provide information on the key points of the updated guidelines: To provide those sectors in Austria that have […]
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Due to the Austrian COVID-19 Prevention Measures Ordinance, in place since the beginning of November 2020, certain sectors in Austria are again subject to restrictions. To provide those affected with support as quickly and directly as possible, the Austrian Federal Government has introduced compensation for revenues which were lost due to the lockdown as an immediate […]
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