COVID-19: Update on the cash register reporting obligation

Due to current developments, we would like to draw your attention to the fact that no additional notification of the tax office is required in relation to the cash register reporting obligation, if the suspension of business activity is merely temporary (e.g. temporary closure due to the coronavirus prevention measures). For the reporting requirements regarding […]

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New Register for Ultimate Beneficial Owners (UBO Register)

The UBO Register Act (WiEReG), announced on 15 September 2017, imposes a registration obligation on Austrian corporate entities and other legal entities regarding their ultimate beneficial owners. As of 15 January 2018, all direct or indirect owners holding more than 25 % of the share capital have to be disclosed in the new register maintained by […]

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