Austrian companies currently face rising energy costs, which may also impact their liquidity in the short term. For this reason, the Austrian Ministry of Finance (“BMF”) stated on 1 April 2022 that it will be possible to simplified reduce prepayments of individual and corporate income tax in administrative terms. The taxpayer must be able to credibly […]
read more
Tax returns (e.g. individual and corporate income tax returns or annual VAT returns) generally have to be submitted by 30 June of the following year (if submitted electronically). The tax authority may extend the deadline for submission of tax returns on a case-by-case basis (discretionary decision) following a substantiated request (individual extension of submission deadline). If […]
read more
Since the beginning of the COVID-19 pandemic, many companies have made use of simplified payment options – in particular, deferred payments. Tax liabilities that were due by 31 May 2021 have been automatically included in approved deferrals. The deferred tax liabilities are now due by 30 June 2021. To avoid payment difficulties, a special application for a […]
read more
