COVID-19: Compensation for Losses

In December 2020, the Guidelines on Compensation for Losses entered into force. On 16 February 2021, amendments to the Guidelines were published in the Austrian Federal Law Gazette. In the following entry (last updated 17 February 2021), we provide information on the most important points, also including the amendments: General prerequisites for application Companies which […]

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Revenue shortfall bonus

To further mitigate the economic impact of the lockdown on Austrian companies, the Austrian Federal Government announced the revenue shortfall bonus (“Ausfallsbonus”) as an additional measure at the beginning of January 2021. On 16 February 2021, the corresponding Guidelines were published in the Austrian Federal Law Gazette. In the following entry, we provide information on […]

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New: Mandatory electronic delivery of documents for businesses in Austria since 1 January 2020

Since 1 January 2019, businesses in Austria have been able to participate in a scheme for electronic delivery of official documents. Since 1 January 2020, all businesses (with limited exceptions) are now required to participate.[1] The background to this requirement is Section 1 of the Austrian E-Government Act (E-GovG), which entered into force on 1 January 2020. Under the […]

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COVID-19: Guidelines on Subsidy for Fixed Costs published

On 25 May 2020, the Austrian Ministry of Finance published the guidelines on the fixed cost subsidy as part of the Corona Support Fund. The following update provides an overview of eligibility criteria and the application procedure from 20 May 2020. This article, originally published on 15 May, has been updated and represents the information available to […]

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Repayment of tax credits despite deferred arrears

In accordance with the 18th COVID-19 Act, to improve the liquidity situation of companies, it should temporarily be possible for tax credits to be repaid to the taxable person despite of due arrears on their tax account. This is especcialy relevant for tax credits resulting from monthly VAT returns (input VAT surplus) for March or […]

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