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.
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.
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