Tax & Financial Insights

Stay informed about Austrian tax regulations, business matters and financial developments with practical insights from TAX AUSTRIA.

TAX & BUSINESS
Invoice correction for supplies to end consumers
In the case of a small‑value invoice, an estimate can be used to determine the proportion of invoices for which the entrepreneur, who has incorrectly shown VAT on his invoices, owes this tax by virtue of issuing the invoice.
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TAX & BUSINESS
Father’s travel costs to visit his son
Travel costs of a father residing in Austria, who regularly picks up his child from the Czech Republic and brings them back, do not constitute an extraordinary burden that can be claimed for tax purposes.
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TAX & BUSINESS
Criminal Tax Liability of a De Facto Managing Director
Anyone who de facto takes over management, orders payments and fulfils or neglects tax obligations is to be qualified as a de facto managing director.
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TAX & BUSINESS
Mileage allowance for single-track vehicles
From 1 July 2025 the official mileage allowance for single-track vehicles was reduced from EUR 0.50 per kilometre to EUR 0.25. This reverses the increase introduced by the Progression Compensation Act 2025.
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TAX & BUSINESS
Extension of the Disclosure Obligation from 1 October 2025
From 1 October 2025 changes to the Beneficial Ownership Register Act (WiEReG) will come into force. They mainly introduce further disclosure obligations in connection with trustee arrangements.
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TAX & BUSINESS
Photovoltaic Decree of the Ministry of Finance
Recently the Ministry of Finance published the updated and expanded photovoltaic decree (PV-Erlass), which includes an additional section on energy communities.
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TAX & BUSINESS
Assumed Debt as Consideration for Real Estate Transfer Tax
When land is transferred, the real estate transfer tax (Grunderwerbsteuer, GrESt) is calculated on the value of the consideration, but at least on the land value. Assumed debts can also form part of this consideration. This also applies to debts for which only an internal assumption of performance has been agreed.
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TAX & BUSINESS
Artificial Intelligence in the Tax Administration
The use of artificial intelligence (AI) helps the tax office to generate additional tax revenue. In 2024 the authority was able to secure around EUR 354 million in extra tax receipts through the use of state‑of‑the‑art analytical methods.
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TAX & BUSINESS
Retention of Special Business Assets
Retaining special business assets when disposing of a co‑owner’s share can lead to the re‑taxation of profit exemptions.
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TAX & BUSINESS
Submission of Annual Accounts to the Commercial Register
A change to the regulation on electronic legal communication results in adjustments to the formal requirements for filing accounts.
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TAX & BUSINESS
Hobby Activity Guidelines Maintenance Decree 2025
With the Maintenance Decree 2025, the hobby activity guidelines (Liebhabereirichtlinien, LRL) have been aligned with the economic stimulus package “Housing and Construction Offensive”.
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TAX & BUSINESS
More fraud cases in online business transactions
Fraud attempts in electronic commerce have increased significantly. Manipulation of bank details on invoices is particularly common.
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