Due to the decrease of the main refinancing operations rate by the European Central Bank, the amount of the deferral interest, interest for suspension, claim interest (interest for subsequent payments and credits), appeal interest as well as VAT interest is adjusted in the Austrian Federal Tax Code (FTC). Moreover, the amount of the refund interest […]
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Due to the decrease of the main refinancing operations rate by the European Central Bank, the amount of the deferral interest, interest for suspension, claim interest (interest for subsequent payments and credits), appeal interest as well as VAT interest is adjusted in the Austrian Federal Tax Code (FTC). Moreover, the amount of the refund interest […]
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Since 1 October 2024 there is the option to apply via NEIS for the relief measures for energy-intensive businesses and businesses at risk of carbon leakage for the years 2022 and 2023. The application is to be filed until 30 November 2024. The option to partial refund of the paid NEHG tax is intended to […]
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Due to the decrease of the main refinancing operations rate by the European Central Bank, the amount of the deferral interest, interest for suspension, claim interest (interest for subsequent payments and credits), appeal interest as well as VAT interest is adjusted in the Austrian Federal Tax Code (FTC). Moreover, the amount of the refund interest […]
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The Austrian Government has continuously simplified and promoted using self-generated electricity from renewable energy sources (e.g. installing and operating photovoltaic systems) via several measures for companies as well. However, tax-related issues must be addressed if self-generated electricity is used e.g. via a photovoltaic system. Legal Background In principle, the supply and the use of electrical […]
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The planned initiative aims at promoting the development and implementation of hydrogen technologies, thus making an essential contribution to the energy transition and to climate protection. Pursuant to the Austrian Renewables Expansion Act (EAG) that became effective in 2021, investment subsidies will be used to promote the constructions of new plants converting electricity to hydrogen […]
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We would like to remind you that the deadlines for the submission of funding applications within the climate and transformation offensive of the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology (BMK) are approaching. Important deadlines 19 September 2024: Submission deadline for investment funding – Transformation of the Industry; 31 October 2024: […]
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Transformation of the Industry The Austrian Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology (BMK) recently launched the second call for tenders for the Climate and Transformation Initiative to support the programme “Transformation of the Industry”. This funding programme is intended to support Austrian industrial companies in adopting climate-friendly technologies in their […]
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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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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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