Tag Archives: tax exemption

Corona: Further COVID-19 legislative packages bring new tax measures

Overview.

On April 28, 2020 the National Council adopted thirteen additional COVID-19-Acts. The 18th COVID-19-Act contains several tax measures as well as clarifications in connection with the already implemented 3rd COVID-19-Act. Below you will find a brief overview through the relevant tax measures of the recently adopted COVID-19 legislative.

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Corona: Further COVID-19 legislative packages bring numerous new laws

At the last weekend, Parliament adopted further COVID-19 legislative packages. In addition to extensions and clarifications on the COVID-19 legislative packages adopted so far, numerous other new provisions have been introduced in response to the COVID-19-crisis. The following is an overview of the most important tax and legal innovations for companies, due to the large extent classified according to topics.

Continue reading Corona: Further COVID-19 legislative packages bring numerous new laws

Draft Bill for 2nd COVID-19-Act: suspension of procedural deadlines until May 1, 2020

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