Austria: Tax relief measures regarding coronavirus (COVID-19)

Austria: Tax relief measures regarding coronavirus

Austria’s Federal Ministry of Finance (BMF) announced various tax relief measures in response to the coronavirus (COVID-19) epidemic.

1000

Related content

The tax relief measures concern tax payments and tax return filings, including:

  • A reduction regarding income and corporate tax prepayments in 2020
  • Deferral of tax payments and ability to pay tax in installments
  • Reduction or relief from late payments of tax
  • Suspension of tax audits

Relief from interest or late-payment penalties is available for taxpayers that are able to demonstrate that a liquidity issue is linked to the COVID-19 situation.


Read a March 2020 report (German) and (English) 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