If deferred payments (deferrals and instalments) for tax liabilities were requested and approved, deferral interest will be levied (section 212 para. 2 FTC). Deferral interest (for federal taxes) below EUR 50.00 are not be assessed. Due to the COVID-19 pandemic, a “reduced deferral interest rate” of 2 percentage points above the base interest rate is effective […]
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On 21 December 2021, the Austrian Parliament passed two legislative packages on pandemic-related support measures. These concern both tax relief in the Income Tax Act (EStG), Corporate Income Tax Act (KStG), VAT Act (UStG) and others, as well as simplifications in connection with tax payments. Here we have provided an overview of the key points: Income […]
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Reminder: Down payments to avoid claim interest for corporate income tax and individual income tax for the year 2019, as well as applications for the reduction of pre-payments for corporate income tax and individual income tax 2020, need to be made by 30 September 2020! Applications for reductions due to COVID-19-related revenue losses can continue to be […]
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