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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To provide rapid support to the business sectors in Austria that have been indirectly affected by the lockdown, lockdown revenue compensation II has been introduced as an immediate grant. On 16 February, the corresponding Guidelines were published in the Austrian Federal Law Gazette. In the following entry (last updated 17 February 2021), we provide information […]
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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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The Guidelines on the Fixed Costs Subsidy 800,000 (“FCS 800k”) entered into force in November 2020. 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, including these amendments: General prerequisites for […]
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The entry into force from 1 January 2021 of the Federal Act linking subsidies from the Austrian Federal Government due to the COVID-19 pandemic to appropriate conduct in relation to tax (“WohlverhaltenG”) sees the Austrian government breaking new ground in the field of COVID-19 subsidies. Future COVID-19 subsidies will not only be contingent on the requirements […]
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Due to the Austrian COVID-19 Prevention Measures Ordinance, in place since the beginning of November 2020, certain sectors in Austria are again subject to restrictions. To provide those affected with support as quickly and directly as possible, the Austrian Federal Government has introduced compensation for revenues which were lost due to the lockdown as an immediate […]
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From 01. January 2020 on, employers of individuals subject to unlimited taxation in Austria are required to withhold Austrian wage tax. However, due to a legislative motion for the planned COVID-19 Tax Measures Act, which was submitted on 20 November 2020, this provision now seems likely to be – retroactively – revoked: Thus, foreign employers […]
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To support the hospitality, cultural and publishing industries in Austria, which have been particularly affected by the COVID-19 crisis, a reduced VAT rate of 5% will be introduced for specific items for a limited period. The reduced rate will apply from 1 July 2020 until 31 December 2020. Hospitality (food and drink) Deviating from Section 10 Austrian VAT […]
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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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On 4 April 2020, the 4th Austrian COVID-19 Act was passed, which amends the COVID-19 Company Law Act (COVID-19-GesG) of 22 March 2020 and introduces additional simplifications for businesses in terms of compliance with their legal obligations. The following due dates and exceptions now apply under Austrian company law: This article represents the information available to us […]
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