Austria: Summary of tax developments (September 2020)

Austria: Summary of tax developments (September 2020)

The KPMG member firm in Austria prepared a report that briefly describes the following tax developments:

  • GAAP treatment of declining balance depreciation
  • Tax deadline of 30 September 2020 to apply for a reduction of preliminary tax payments 2020 and to avoid interest on additional tax payments for 2019
  • Banks charging negative interest rates; what are the tax consequences for company groups
  • Austrian Administrative Supreme Court decision on recognition of provisions for impending losses 
  • Austrian Administrative Supreme Court decision on interest deduction in case of a “two-step” acquisition of a group
  • Austrian Federal Finance Court on the resolution to discontinue the dissolution of a company
  • Deduction of input tax from the construction of a building for rent, to a bank; abusive arrangement?
  • Tax treatment of social plan payments in the form of voluntary severance payments
  • New tax rules relevant for payroll 
  • Recent news on COVID-19 short-time work 
  • Special rules regarding the payment of social security contributions (COVID-19)
  • Information on the third and fourth settlement of the occupation bonus (Beschäftigungsbonus) (COVID-19)
  • Depreciation of buildings: Criteria for expert’s opinion substantiating shorter useful life of a building
  • Austrian Administrative Supreme Court: Capital gains taxation of real property after rezoning
  • Capital gains from the sale of real property derived by individuals: Austrian Federal Finance Court findings on exemptions
  • Austrian Federal Finance Court: Compensation payments in consideration for donation of real property may trigger capital gains taxation
  • Austrian Administrative Supreme Court: No forbearance in case of unlawful determination of tax
  • Austrian Administrative Supreme Court: “Last-minute”surcharge for voluntary self-disclosures
  • Austrian draft legislation implementing the fifth AML-Directive (EU) 2018/843 by amending the Austrian Account-Registry-Law (Kontenregister-und Konteneinschau­gesetz) notably expands the amount of reportable data and the number of authorities with access to account information that was formerly granted to be legally secured by Austrian credit institutions

Read a September 2020 report prepared by the KPMG member firm in Austria

© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit

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