Tax & Financial Insights
Stay informed about Austrian tax regulations, business matters and financial developments with practical insights from TAX AUSTRIA.
VAT
VAT on hotel guest cancellations
If hotel rooms are cancelled at short notice or not used, guests often still have to pay for the room or pay cancellation fees. Tourism operators must observe the VAT consequences of such charges.
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.
VAT
Internal supplies within a VAT group are not taxable
The Court of Justice of the European Union (CJEU) found that supplies between members of a VAT group are irrelevant for VAT purposes and do not give rise to a tax liability.
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If a building is withdrawn from the business assets at book value, the building value must be depreciated at 1.5% per year of the withdrawal value for any subsequent rental without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.
HR & PAYROLL
Leave for Deployments in Major Damage Events
When deployments occur during working hours, the question arises whether employees are entitled to paid leave. The statutory provisions provide a right to continued payment of wages.
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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