New investment premium as an incentive for companies

As announced by the Austrian government, the COVID-19 investment premium is intended to incentivise business investments and counteract the current reluctance of Austrian companies to invest. The Austrian Investment Premium Act (InvPrG) entered into force on 24 July 2020 and contains the following main points: The premium will be provided for new investments (that must […]

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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: Update on new support measures

On 4 April 2020, the Austrian Parliament passed three further legal COVID-19 packages (3rd, 4th and 5th Austrian COVID-19 Acts). These include new legal provisions, as well as clarifications and extensions of the previous COVID-19 Acts. This update provides an overview of the new legal packages in connection with COVID-19 support measures and represents 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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Limitation of distributions and bonus payments due to COVID-19 subsidies

Since the beginning of the COVID-19 crisis, a recurring view in Austrian political discussions has been that companies should refrain from paying out dividends in the present situation, especially if they benefit from state support in connection with coronavirus (e.g. through the short-time working model). Others argue that a prohibition of distributions under company law […]

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COVID-19: Support package for start-ups

In mid April, the Austrian federal government presented a COVID package for start-ups. The goal is to support Austrian start-ups that have run into financing and liquidity problems due to the COVID-19 crisis. The COVID start-up package comprises a support fund and a venture capital fund. This article (originally dated 20 April) represents the information […]

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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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COVID-19: Subsidies and support measures for companies

The Austrian federal government has announced and already introduced subsidies and support measures for companies due to the current coronavirus (COVID-19) outbreak. This article was prepared on the basis of the information available to us on 30 March 2020. On 14 March 2020, the Austrian government presented the COVID-19 crisis response fund amounting to EUR 4bn, which is intended to […]

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COVID-19: Measures to facilitate tax assessment and appeal procedures (deadlines)

In the following, we provide an overview of the implications of the 2nd Austrian COVID-19 Act and the latest BMF information for tax assessment and appeal procedures (deadlines). This entry was last updated on 25 March 2020 and includes the latest information available to us. TAX RETURN DEADLINES Annual tax returns Generally, tax returns (e.g. income tax, […]

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COVID-19: Liquidity measures of the Austrian Ministry of Finance, social insurance providers, and other authorities

The Austrian Ministry of Finance (BMF) has introduced facilitations for tax payments, which will relieve the liquidity situation of taxpayers affected by the coronavirus epidemic. Taxpayers need to credibly demonstrate that the measures introduced by the authorities (stay-at-home policies, as well as the closure of educational institutions, cancellation of events, and general restrictions on daily […]

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