Summary of the fiscal reliefs implemented by the ministry of finance, to support Austrian companies in these challenging times:
- Advanced income – or corporate tax payments for 2020 may be lowered or fixed at €0. Furthermore, there is the possibility of a partial or total non – imposition for advanced income and corporate tax payments for 2020.
- Affected companies are exempted from additional interest fees, which may result from the income or corporate tax statement.
- It is possible to arrange for deferred payments of taxes or to pay them in instalments.
- A company may have the default interest rate, which is incurred upon delayed tax payments, reduced or may apply to have it lapsed.
It is our greatest priority to support and accompany you to the best of our capabilities through these challenging times. In case of any further inquiries please don’t hesitate to contact us via E-Mail or telephone.
All the best and above all stay healthy & safe!