Austrian Parliament approves energy costs subsidy for businesses

On 6 July 2022, the Austrian Parliament passed the Business Energy Costs Subsidy Act (UEZG). The approval of the Federal Council followed on 13 July 2022. It remains to be seen whether the European Commission will approve or at least not block the legislation, with publication in the Federal Law Gazette to follow. The declared goal of […]

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Current restrictions on distributions and bonus payments in connection with COVID-19 subsidies

Austrian ordinances regarding the various COVID-19 subsidies contain a range of bans, restrictions, and limitations applicable to dividend and bonus payments, some of which have already expired. This article provides a brief overview of the current COVID-19 subsidies, as well as the restrictions on distributions and bonus payments that still need to be observed in […]

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Attractive cybersecurity subsidy for SMEs

From 1 April 2022, Austrian SMEs will be eligible to receive an attractive cybersecurity subsidy in the form of a non-repayable grant for investments of up to EUR 50,000. Cybercrime has become an important issue for Austrian businesses in the past year due to several high-profile ransomware attacks. This is also borne out by a PwC Digital […]

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Update on Current COVID-19 Subsidies

To continue to support Austrian companies which have suffered financially from the impacts of the coronavirus pandemic, the Austrian Federal Government has extended existing COVID-19 subsidy instruments and made some requirements more stringent. In the following contribution (last updated 14 February 2022), we will inform you about the most important points of the previous COVID-19 […]

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Extension of COVID-19 subsidies

The Austrian Ministry of Finance has announced that certain existing COVID-19 subsidies will be extended due to ongoing Covid-related restrictions. In the following entry (last updated 7 February 2022), we provide information about the most important points: Revenue shortfall bonus III The revenue shortfall bonus was extended again (“RSB III”) and is available for the months November 2021, December 2021, […]

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Compensation for Losses III

The Guidelines on the Grant of Compensation for Losses III were published in the Austrian Federal Law Gazette on 23 December 2021. In the following entry, we provide information on the most important points (last updated 7 February 2022). General prerequisites for application Companies which have their legal seat or permanent establishment (PE) in Austria, […]

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Revenue shortfall bonus III

The revenue shortfall bonus (“RSB”) is familiar subsidy that has been extended for a second time. The Ordinance on the Revenue Shortfall Bonus III was published in the Austrian Federal Law Gazette on 2 December 2021. In the following entry, we provide information on the most important points (last updated 7 February 2022): General requirements […]

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Compensation for Losses II

The Guidelines on the Extension of the Grant of Compensation for Losses were published in the Austrian Federal Law Gazette on 28 July 2021 and amended on 23 December 2021. In the following entry (last updated 7 February 2022), we provide information on the most important points. General prerequisites for application Companies which have their […]

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COVID-19 Fixed Costs Subsidy 800,000

The Guidelines on the Fixed Costs Subsidy 800,000 (“FCS 800k”) entered into force in November 2020 and were amended on 16 February 2021 and 22 November 2021. In the following entry (last updated 23 November 2021), we provide information on the most important points, including these amendments: General prerequisites for application Companies which have their […]

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COVID-19: Compensation for Losses

The Guidelines on Compensation for Losses initially entered into force in December 2020 and were subsequently amended on 16 February 2021 and 22 November 2021. In the following entry (last updated 23 November 2021), we provide information on the most important points, including the changes arising from the amendments: General prerequisites for application Companies which […]

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