Austria – statute of limitation

Due to COVID-19, the Austrian tax authorities have granted very generous deferrals of payments for all types of taxation. So far, tax payments that were booked on the tax account until the end of September, are generally deferred until 15 January 2021.

Due to the ongoing economic disruption and the expected inability to balance the tax liability by that date, the rules are amended as follows:

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Austria – reduction of VAT rate to 5% from 1 July till 31 December for certain supplies

Finance Minister Blümel: reduced VAT rate introduced to support the gastronomy, culture and publishing sectors.

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Österreich – Senkung des Mehrwertsteuersatzes auf 5% vom 1. Juli bis 31. Dezember für bestimmte Lieferungen

Finanzminister Blümel: ermäßigter Steuersatz von 5% wird zur Unterstützung der Gastronomie, der Kulturbranche sowie des publizierenden Bereichs eingeführt.

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Austria – Newsletter: Special Issue, March 2020

The COVID-19 pandemic has created major challenges for business. Every company is looking for ways to negotiate the crisis in the best possible way. The Austrian government and authorities will be announcing measures on an ongoing basis which are intended to support businesses in this regard.

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Austria – tax measures in response to COVID-19

Special rules concerning coronavirus

Commonly occurring infections with the SARS-CoV-2 virus (“2019 novel coronavirus’) and related regulatory measures such as domestic quarantine and the closure of educational institutions, cancellation of events and generally the restriction of daily life can lead to this, that – starting in mid-March 2020 – there will be liquidity bottlenecks and delays in payment may occur.

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Österreich – Steuermassnahmen als Antwort auf Coronavirus

Sonderregelungen betreffend Coronavirus

Gehäuft auftretende Infektionen mit dem SARS-CoV-2-Virus („2019 neuartiges Coronavirus“) sowie damit einhergehende angeordnete behördliche Maßnahmen wie häusliche Quarantäne sowie die Schließung von Bildungseinrichtungen, Absage von Veranstaltungen und generell die Einschränkung des täglichen Lebens können dazu führen, dass es – beginnend mit Mitte März 2020 – zu Liquiditätsengpässen und Zahlungsverzögerungen kommen kann.

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AUSTRIA: E-Commerce Package from January 2021

The e-commerce package shall enter into force from 1 January 2021. The goal is to better ensure taxation in the destination state. At the same time, the simplifications for businesses (One-Stop-Shop), which avoids a VAT registration in every destination Member State, shall be extended.

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AUSTRIA: Changes as from 2020 – Digital services tax on online advertising services and Obligation to keep records and liability for online platforms

Digitalization and the business models of “digital MNEs” present challenges for international taxation. At EU level, the proposed “Council Directive on the common system of a digital services tax on revenues resulting from the supply of certain digital services” has recently been rejected. On a global level, there are discussions on digital taxation within the G20/OECD with a view to developing digital PEs and a digital services tax. Nevertheless, some states have chosen not to wait for international solutions and have started to implement unilateral measures.Read More »

Austria – how to set up business

On 1 January 2010, the Austrian public administration launched a one-stop-shop Business Service Portal called ‘Unternehmensserviceportal (USP)’. The portal aims to serve as a single entry point for businesses to the administration. By offering information and transaction services, it intends to help businesses to fulfil their legal obligations and to reduce their administrative burdens. In accordance with the Read More »

Austria – Electronic invoices in some cases mandatory as from 1 of January 2014

As of 1 January 2014, invoices for supplies to federal offices have to be sent electronically (Directive 2010/45/EC). Paper invoices will only be accepted in case of cash payment. The Austrian Ministry of Finance expects from this change from paper invoices to electronic invoices less administrative work and optimised invoice processing.Read More »