With the draft bill for the 2nd COVID-19-Act the government introduced inter alia the previously announced relief for taxpayers with regard to procedural tax deadlines as well as deadlines regarding fiscal penal law procedures. It is intended to suspend explicitly enumerated deadlines until May 1, 2020. Furthermore, the Austrian Stamp Duty Act (“Gebührengesetz“) will be amended to allow for a comprehensive exemption from fees and duties. Furthermore, the deadline for tax returns 2018 shall be extended until August 31, 2020. It is expected that the law will enter into force within the next few days. Continue reading Draft Bill for 2nd COVID-19-Act: suspension of procedural deadlines until May 1, 2020
With the draft of the SME Venture Capital Companies Act 2017 (“Mittelstandsfinanzierungsgesellschaftengesetz 2017”), the framework conditions for SME venture capital companies (“Mittelstandsfinanzierungs-gesellschaften”) should be improved for potential financial investors. The assessment period ends on March 10th, 2017.