Austria: Overview of tax-related relief measures (COVID-19)

Short-time work, certain tax incentives, investment premiums, guarantees or grants

Short-time work, certain tax incentives, investment premiums, guarantees or grants

Tax-related measures offering relief in response to the economic effects of the coronavirus (COVID-19) pandemic concern short-time work, certain tax incentives, investment premiums, and guarantees or grants.

Among the tax relief measures available are provisions concerning or providing:

  • Accelerated depreciation
  • Loss utilization through accruals of COVID-19-reserves and loss carrybacks
  • Funding instruments:
    • Bonus on loss of turnover (Ausfallsbonus)
    • Fixed-cost subsidy (Fixkostenzuschuss)
    • Loss subsidy (Verlustersatz)
    • Investment premium (Investitionsprämie)
    • Lockdown turnover compensation (Lockdown-Umsatzersatz)
    • Bank guarantees (Garantien)
    • OeKB special credit line (OeKB-Sonder-KRR)
    • Location safeguarding subsidy (Standortsicherungszuschuss)
    • COVID-19-start-up aid fund (COVID-19 Start-up Hilfsfonds)
    • Other grants (hardship funds, etc.)
  • Short-time work and labour law implications
  • Audits of COVID-19 aids and fundings
  • Criminal and financial law implications in instances when there is a misuse of funding


For more information, contact a KPMG tax professional in Austria:

Christoph Plott | +43 1 31332 3697 | cplott@kpmg.at

Michael Petritz | +43 1 31332 3304 | mpetritz@kpmg.at

Oliver Mavher | +43 1 31332 4552 | omavher@kpmg.at


Read an August 2021 report (German) prepared by the KPMG member firm in Austria 

 

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