close
Share with your friends

Austria: Summaries of tax developments (October 2019)

Austria: Summaries of tax developments (October 2019)

The KPMG member firm in Austria has prepared a report providing brief summaries of tax developments for October 2019.

1000

Related content

The topics included in this report and that are briefly discussed concern:

  • New tax laws passed by Austrian parliament, including digital services tax legislation (read TaxNewsFlash).
  • Liabilities not settled until the end of liquidation cannot be deemed to qualify as taxable income of the dissolved company (decision of Austrian Administrative Supreme Court).
  • The ability to treat a qualified interest exceeding 25% of a participation and relating debt  transferred together in course of a spin-off may only apply if the participation is transferred as a “stand-alone.” If, however, the participation is transferred together with a business unit or part of a business unit, the general rule regarding the separation of assets and relating debt applies, regardless of the amount of the participation (decision of Austrian Administrative Supreme Court).
  • Items from the Court of Justice of the European Union (CJEU) concerning:
    • Reduction of the value added tax (VAT) base due to non-payment of instalments of a terminated leasing contract (judgment of CJEU)
    • Transport to one supply within a supply chain primarily based on who bears the risk of the accidental loss of the goods (CJEU Advocate General opinion)
    • Subsidy as consideration from a third party (judgment of CJEU)
  • Draft of the 2019 update to the VAT guidelines published by the Austrian Ministry of Finance.
  • Profits earned by Austrian resident subsidiaries distributed to EU resident parent companies.
  • Changes to Austrian withholding tax refunds.
  • Amendments to Austrian wage tax law.
  • Changes to the basis for the calculation of the real estate value of building rights.


Read an October 2019 report prepared by the KPMG member firm in Austria 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal