Austria: Taxation of dividend provisions, tax reform legislation

Austria: Taxation of dividend provisions, tax reform

Austria’s parliament in July 2015 passed tax reform legislation that includes measures concerning the tax treatment of dividends and specifically concerning the taxation of capital repayments. During the parliamentary process, a change was made to the draft legislation with regards to the repayment of capital resulting from a share capital decrease. Such qualifying share capital decreases do not trigger withholding tax.

Related content

Read a July 2015 report prepared by the KPMG member firm in Austria.

Other items discussed in this KPMG report concern:

  • When may tax proceedings be reopened, and is the taxpayer’s knowledge regarding the facts relevant
  • A federal court decision confirming that the conversion of a pension commitment can trigger insurance premium tax
  • Guidance on tax grouping with companies in liquidation
  • A court decision on withholding tax on deemed dividends

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