On 4 June 2021, the Government published a Decree of 4 June 2021 providing the updates regarding late payment interest, suspended tax payment and others. According to the update, from 1st July 2021 to 30 June 2024, interest rate for late corporate tax payment is subject to a 2% plus the base rate. But, before 1 July 2021, the interest rate is 4.5% plus the base rate where the late tax payment due more than EUR 750.
Related Posts
Austria updates transfer pricing guidelines, aligns with OECD standards
March 24, 2025
The Austrian Ministry of Finance published a decree (BMF decree of 11.03.2025, 2025-0.159.492, BMF-AV No. 33/2025) on 11 March 2025, updating the Austrian Transfer Pricing Guidelines 2021 (Austrian Guidelines). This update aligns the guidelines
Read More Austria: Budget Restructuring Measures Bill 2025 enters into force
March 20, 2025
Austria's Budget Restructuring Measures Bill 2025 (Budgetsanierungsmaßnahmengesetz 2025) entered into force following its publication in the Official Gazette on 18 March 2025. Earlier, the bill was passed by Austria’s Lower House of
Read More Austria: Lower House of Parliament approves Budget Restructuring Bill 2025
March 13, 2025
Austria's lower house of parliament (Nationalrat) passed the Budget Restructuring Measures Bill 2025 (Budgetsanierungsmaßnahmengesetz 2025) on 7 March 2025. The announcement was made in a release on 10 March 2025 by the Austrian Ministry of
Read More Austria gazettes Pillar Two CbCR Safe Harbour Regulation
December 13, 2024
Austria’s tax authorities published a decree in the Official Gazette on the temporary CbCR Safe Harbor (CbCR Safe Harbor Regulation) under the Minimum Taxation Act (“MinBestG”) on 5 December 2024. The MinBestG, which came into force on 31
Read More
Austria updates CFC rules to prevent double taxation under Pillar Two
December 09, 2024
Austria's parliament has amended its CFC rules to avoid double taxation issues under the Pillar Two global minimum tax framework. Amendments to Section 10a of the Austrian Corporate Income Tax Act have been approved and now require Qualified
Read More Austria, China amending protocol to tax treaty enters into force
November 27, 2024
The amendment to the 1991 tax treaty between Austria and China came into force on 19 November 2024. The protocol, signed on 14 September 2023, introduces several updates to modernise the agreement and align it with global tax standards. The
Read More