Tax & Financial Insights
Stay informed about Austrian tax regulations, business matters and financial developments with practical insights from TAX AUSTRIA.
TAX & BUSINESS
TAX & BUSINESS
Thermal‑energetic renovations for rented residential properties
The eco‑special‑expenses lump sum has been extended by the eco surcharge for rented residential properties.
TAX & BUSINESS
Corporation tax surcharge due to failure to name recipients
If a taxpayer cannot provide the tax office with the recipients of his payments, the authority must disallow these business expenses.
TAX & BUSINESS
Hobby activity in case of early termination of letting
No hobby activity is assumed in an early termination of letting if the taxpayer can demonstrate that the termination only arose subsequently.
TAX & BUSINESS
Building depreciation on rental and leasing
If a building is withdrawn from the business assets at book value, the building value must be depreciated at 1.5% per year of the withdrawal value for any subsequent rental without proof.
TAX & BUSINESS
Real Estate Transfer Tax on the Transfer of Factory Buildings
According to the tax office, the construction cost factor must be applied uniformly to all buildings of a factory, as all buildings are assigned to the production process and therefore no differentiation of the buildings is required. The Administrative Court (VwGH) confirmed this view.
TAX & BUSINESS
Information notice from the tax administration
The information notice gives companies and taxpayers the opportunity to have tax questions on not yet realised facts clarified in advance by the tax administration.
TAX & BUSINESS
Liability of Managing Directors in Insolvency
A managing director of a GmbH can be held liable for taxes assessed through a tax audit even if those taxes were already due before the insolvency.
TAX & BUSINESS
Tax burden on intra‑family transfers
Transferring a business to the next generation is often a major challenge for those involved. In addition to commercial and civil‑law considerations, tax issues are of particular importance. Timely planning of the transfer can optimise the relevant tax burden.
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