Austria: Electronic tax payments, communications from tax authorities; other developments

Austria: Electronic tax payments; other developments

The KPMG member firm in Austria prepared a report that briefly discusses the following topics:

Related content

  • Tax payments are required to be electronically, as from 1 April 2016, and the tax authority will no longer use paper notices or communications with taxpayers
  • Possible withholding tax liability for dividends paid abroad if appropriate forms not filed
  • Draft guidance on corporate reorganizations, effects of accumulate profits and losses
  • High court (VfGH) case concerning the constitutionality of a a general cash register obligation 
  • A draft regulation on implementing the law accounting an “account register”
  • A draft regulation on implementing a law on reporting “capital outflows and inflows”
  • Judicial action in a case addressing goodwill depreciation
  • Treatment of an accounting error found during the course of a tax audit
  • Court case concerning the 75% limit on tax loss carryforwards

 

Read a March 2016 report prepared by the KPMG member firm in Austria

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