Tax issues for international companies in Austria
The measures to control the COVID-19 pandemic have caused severe restrictions on international mobility. In international tax law, this could lead to unintended changes in the right to tax between countries, such as through the creation of a permanent establishment (PE) or a change in the place of effective management for companies operating internationally. The […]
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On 4 April 2020, the 4th Austrian COVID-19 Act was passed, which amends the COVID-19 Company Law Act (COVID-19-GesG) of 22 March 2020 and introduces additional simplifications for businesses in terms of compliance with their legal obligations. The following due dates and exceptions now apply under Austrian company law: This article represents the information available to us […]
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In Decision 2020/491 of 3 April 2020, the European Commission granted relief from import duties (incl. customs duties), and a VAT exemption on importation, for goods needed to combat the effects of the COVID-19 outbreak during 2020. Customs law (Council Regulation No. 1186/2009) and Council Directive 2009/132/EC envisage the possibility of relief from customs duties and exemption […]
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The Austrian Ministry of Finance has introduced simplifications in relation to the use of tax-exempt alcohol for the production of disinfectants. In addition to an application to the Customs Office, applications may also be made by email to the address corona@bmf.gv.at by 31 May 2020, in accordance with Austrian regulation BGBl II 121/2020. This includes applications for approval […]
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The Austrian federal government has announced and already introduced subsidies and support measures for companies due to the current coronavirus (COVID-19) outbreak. This article was prepared on the basis of the information available to us on 30 March 2020. On 14 March 2020, the Austrian government presented the COVID-19 crisis response fund amounting to EUR 4bn, which is intended to […]
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In the following, we provide an overview of the implications of the 2nd Austrian COVID-19 Act and the latest BMF information for tax assessment and appeal procedures (deadlines). This entry was last updated on 25 March 2020 and includes the latest information available to us. TAX RETURN DEADLINES Annual tax returns Generally, tax returns (e.g. income tax, […]
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The official measures to combat coronavirus lead to questions about the VAT-related consequences of these measures. Uncollectible amounts and rent reductions for business premises during the COVID-19 crisis also need to be treated correctly from a VAT perspective. Compensation, cancellation fees, and frustrated expenditure Many congresses, events, concerts, trips etc. had to be cancelled due […]
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The Austrian Ministry of Finance (BMF) has introduced facilitations for tax payments, which will relieve the liquidity situation of taxpayers affected by the coronavirus epidemic. Taxpayers need to credibly demonstrate that the measures introduced by the authorities (stay-at-home policies, as well as the closure of educational institutions, cancellation of events, and general restrictions on daily […]
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The economic consequences of the COVID-19 outbreak mean that it is now undesirable to place additional burdens on consumers and businesses by increasing the tobacco tax. The changes in tobacco tax rates for cigarettes, fine-cut tobacco, and heated tobacco products, were set out in the Austrian Tax Reform Act 2020, BGBI. I Nr. 103/2019, and […]
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COVID-19 also has consequences for foreign trade. This entry was updated on 23 March 2020 and reflects the information currently available to us. Due to the worldwide crisis caused by the coronavirus SARS-CoV-2, the global demand for protective medical equipment has increased significantly. In this context, the European Commission has introduced an authorisation requirement for […]
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