The Austrian government has proposed, in a draft bill, additional tax relief measures in an effort to address the implications of the coronavirus (COVID-19) on taxpayers.
The measures in the draft bill would extend all deadlines for appeals to 1 May 2020, in cases for which the statutory periods were opened on 16 March 2020 or that commenced on or after 16 March 2020.
The proposals also provide that no stamp tax (duties) would be levied on any documents directly or indirectly related to any measures required to deal with the coronavirus crisis.
The Austrian government also plans to help Austrian businesses affected by the coronavirus crisis by contributions from several newly established “catastrophe funds.” It is contemplated that any contributions received from such funds would not be subject to corporate income tax.
Read an earlier report of tax relief in Austria in response to the coronavirus: TaxNewsFlash
For more information, contact a KPMG tax professional in Austria:
Markus Vaishor | +43 1 31332 3652 | firstname.lastname@example.org
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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.