COVID-19 phased payment plans: Ordinance on phase 2 – evidence of ability to pay

The Austrian Minister of Finance has issued an Ordinance regarding the formal requirements for evidence of the ability to pay in connection with applications for phase°2 of the COVID-19 phased payment plan. The ordinance entered into force on 1 August 2022. To mitigate the financial impacts of the COVID-19 pandemic, the Austrian Federal Fiscal Code (BAO) […]

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Increase of interest rates in the Austrian Federal Tax Code (BAO)

Due to the increase of the key ECB interest rate by 0.5%, changes to deferral interest, interest for suspension, claim interest (interest for subsequent payments and credits), appeal interest, as well as VAT interest have occurred. The European Central Bank raised its key interest rate with effect from 27 July 2022. Due to the automatic adjustment, […]

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