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 | email@example.com
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