Tax issues for international companies in Austria
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 […]
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In a court decision of 16 November 2021 (Ra 2020/15/0101), the Austrian Supreme Administrative Court (VwGH) confirmed that organisational integration exists if executive management is carried out by non-executive employees of a VAT group. Economic integration is also present in the specific case based on the lease of an administrative building to a bank. The overall […]
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The current humanitarian disaster in Ukraine has confronted us all with images and concerns that we in Europe have not had to deal with for many years. However, many people are helping with compassion and humanity, providing support where they can. It is not only individuals who have demonstrated a willingness to help – many […]
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In general, the reduced VAT rate of 5% ceased to apply on 31 December 2021. However, for eligible transactions carried out in December 2021 with invoices not issued before 2022, the VAT liability should be recognised in January 2022 and declared in the monthly VAT return for January 2022. The 5% VAT rate applies even if […]
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As anticipated in the Tax Newsletter of 9 December 2021, the assimilation threshold (i.e. the threshold for arrivals of goods from other EU Member States and dispatches of goods to other EU Member States in the previous or current calendar year) has been raised for both arrival and dispatch declarations starting from the reference year 2022. […]
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The extension of the parking space management scheme in Vienna means that employees may face additional costs from March 2022 as a result of the recognition of a benefit in kind for company parking spaces that were previously free of charge. What will change In only a few days time, from 1 March 2022, the long […]
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The three parts of the Austrian Eco-social Tax Reform Act 2022 were published in the Federal Law Gazette on 14 February 2022. The changes made since the consultation draft (see German Tax Newsletter of 12 November 2021) and the bill (see Tax Newsletter of 20 December 2021) are listed below: Eco-social Tax Reform, Part I Changes to […]
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The Austrian Supreme Administrative Court (VwGH) has decided that the triangular transaction rule also applies in the event that the intermediary is identified in the Member State of destination, but does not have a fixed establishment in that Member State. The decisive factor for the applicability of the triangular transaction rule is the VAT ID […]
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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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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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