New investment premium as an incentive for companies

As announced by the Austrian government, the COVID-19 investment premium is intended to incentivise business investments and counteract the current reluctance of Austrian companies to invest. The Austrian Investment Premium Act (InvPrG) entered into force on 24 July 2020 and contains the following main points: The premium will be provided for new investments (that must […]

read more

COVID-19: Guidelines on Subsidy for Fixed Costs published

On 25 May 2020, the Austrian Ministry of Finance published the guidelines on the fixed cost subsidy as part of the Corona Support Fund. The following update provides an overview of eligibility criteria and the application procedure from 20 May 2020. This article, originally published on 15 May, has been updated and represents the information available to […]

read more

Limitation of distributions and bonus payments due to COVID-19 subsidies

Since the beginning of the COVID-19 crisis, a recurring view in Austrian political discussions has been that companies should refrain from paying out dividends in the present situation, especially if they benefit from state support in connection with coronavirus (e.g. through the short-time working model). Others argue that a prohibition of distributions under company law […]

read more