Austria publishes guidance on MAP procedures under DTAs, MLI, and EU Laws

15 May, 2022

On 6 May 2022, the Ministry of Finance issued new guidelines on mutual agreement and arbitration procedures (MAP) under the Austrian double taxation agreements, the EU Arbitration Convention, the BEPS Multilateral Instrument (MLI), and the EU Tax

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Austria: Ministry of Finance proposes the tax reform for 2022

11 November, 2021

On 8 November 2021, the Austrian Ministry of Finance has proposed a draft bill on the ecosocial tax reform 2022 and submitted it for consideration by the parliament and the Federal Council. Subsequently, the corporate tax rate will reduce from 25%

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Austria releases the new transfer pricing guideline for 2021

11 October, 2021

On 7 October 2021, the Austrian Ministry of Finance published the updated Austrian Transfer Pricing Guidelines (Austrian Guidelines) 2021. The Austrian Guidelines 2021 are an essential interpretative aid for the application of the arm’s-length

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Austria: Government publishes a Decree regarding late payment interest

14 June, 2021

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

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Austria: Parliament discusses about the delay on tax payments

26 February, 2021

Recently, the Austrian Parliament currently made a discussion regarding 2nd COVID-19-StMG. According to this, the deadline for the expiry of the general tax payments deferrals is to be postponed from 31 March 2021 until 30 June 2021. After the law

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Austria: Parliament approves winter package due to COVID-19 pandemic

21 December, 2020

On 17 December 2020, the Parliament approved the COVID-19 Tax Measures Act. Recently, the Ministry of Finance has announced the draft winter package on tax measures for the coronavirus outbreak. The package includes the measures to introduce the

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Austria: Finance Ministry publishes final guide regarding DAC6 reporting obligations

26 October, 2020

On 21 October 2020, the Finance Ministry published final guidance regarding the reporting requirement of cross border arrangements (DAC6). This final guide covers the definition of terms, reportable arrangements, hallmarks and main benefit test,

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Austria signs MAP agreement with Sweden

26 October, 2020

On 16 October 2020, the Finance Ministry of Austria announced that Austria signed an agreement regarding the implementation of agreements concluded on the basis of Article 22 (Mutual Agreement Procedure) with Sweden. The agreement effects from 6

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DAC6 Updates: Optional deferral of DAC6 reporting deadlines

30 July, 2020

On 24 June 2020, the European Council reached agreement on an optional 6-month postponement to the reporting deadlines for relevant taxpayers under EU Directive 2018/822 (DAC6), and a delay to the exchange of information under

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Austria: Finance Ministry publishes a draft guide regarding the deferment of DAC6 reporting

23 July, 2020

On 20 July 2020, the Finance Ministry opened a public consultation on a draft guidance regarding the reporting requirement of cross border arrangements (DAC6). This guide covers the definition of terms, reportable arrangements, hallmarks and main

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Austria: Government announces additional measures in response to COVID-19 outbreak

22 June, 2020

On 12 June 2020, the Government announced some additional measures in response to COVID-19 outbreak: VAT The Government is planning to finalize a reduced value-added tax (VAT) rate of 5% for the restaurant and culture sector due to the corona

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Austria: Government announces tax measures regarding VAT payment & penalty scheme

30 May, 2020

The Government announced some tax relief measures in response to coronavirus pandemic on different date regarding VAT. These are: Announcement on 29 May 2020 The interest for VAT declarations not submitted on time, will not be automatically

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OECD: Seven peer review reports on BEPS Action 14 published

13 April, 2020

On 9 April 2020 the OECD published a further batch of reports in relation to stage 2 of the peer reviews of the implementation of Action 14 of the action plan on base erosion and profit shifting (BEPS). The minimum standard under BEPS action 14

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Austria: Government publishes a decree to update the information during COVID-9

02 April, 2020

On 24 March 2020, the Government published a Decree, which replaces the previous Decree published on 14 March 2020. Under the new Decree, the following changes are included: Corporate income tax According to the Decree, a reduction of CIT

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Austria: Finance Ministry publishes a Decree regarding tax relief due to COVID-19

23 March, 2020

On 14 March 2020, the Finance Ministry published a Decree regarding the support for companies during the period of coronavirus effect. Finance Ministry also published a Form by which businesses can apply for tax relief in this situation. The tax

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Austria: Finance Ministry publishes updated information regarding DST

26 February, 2020

On 24 February 2020, the Ministry of Finance published updated information regarding the process of how to register and make payment of digital service tax

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Austria: Government publishes Program for 2020-2024 regarding tax measures

15 January, 2020

The Government released its Program for 2020-2024 regarding several tax reform measures. Corporate tax The Program proposed to increase the threshold of corporate income tax from EUR 30,000 to EUR 100,000 and reduce the corporate income tax

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Austria releases digital services tax guide

31 December, 2019

On 20 December 2019, Finance Ministry published guide regarding digital service tax. Under the guide, 5% tax will be applicable for advertisements on a digital interface. Accordingly, this guide helps to know of how to submit or payment digital

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