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Austria: Draft tax legislation, guidance on profits and losses

Austria: Draft tax legislation, profits and losses

The KPMG member firm in Austria prepared a report that includes discussions of the following tax developments.


Related content

  • Draft tax legislation includes changes affecting credit institutions and the calculation method regarding the allowances for receivables, concerning the definition of “property” for value added tax (VAT) purposes, and limiting loss offsets against income 
  • Guidance concerning the lump-sum calculation with respect to accumulated profits or losses
  • The introduction of a “group clause” for purposes of transfers of shares within a tax group that triggers the real estate transfer tax
  • Guidance on the harmonization of depreciation rates regarding company buildings 
  • An Administrative Supreme Court decision concerning the acquisition of shares by a joint-stock company


Read a November 2016 report [PDF 348 KB] prepared by the KPMG member firm in Austria: Tax News

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