During the COVID-19 pandemic, the BMF (Austrian Ministry of Finance) has paid out several aids in the form of COVID-19 subsidies to companies pursuant to EU state aid law via the COVID-19 Finanzierungsagentur des Bundes GmbH (COFAG). In the course of implementation in Austria, the design of the ceilings for state aid pursuant to section […]
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Austrian ordinances regarding the various COVID-19 subsidies contain a range of bans, restrictions, and limitations applicable to dividend and bonus payments, some of which have already expired. This article provides a brief overview of the current COVID-19 subsidies, as well as the restrictions on distributions and bonus payments that still need to be observed in […]
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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 Guidelines on the Grant of Compensation for Losses III were published in the Austrian Federal Law Gazette on 23 December 2021. In the following entry, we provide information on the most important points (last updated 7 February 2022). General prerequisites for application Companies which have their legal seat or permanent establishment (PE) in Austria, […]
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The Guidelines on the Extension of the Grant of Compensation for Losses were published in the Austrian Federal Law Gazette on 28 July 2021 and amended on 23 December 2021. In the following entry (last updated 7 February 2022), we provide information on the most important points. General prerequisites for application Companies which have their […]
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The following contribution provides an overview of planned and implemented changes to existing COVID-19 subsidies, as well as of new COVID-19 subsidies (last updated: 1 June 2021). Investment premium On 25 March 2021, the Austrian Investment Premium Act was amended with the announcement of the 2nd Austrian COVID-19 Tax Measures Act (2. COVID-19-StMG). The amendment […]
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