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Austria Publishes Forms to Apply for Coronavirus Tax Relief

19 March 2020

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Approved Changes

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Austria

Austria's Ministry of Finance has published information on support for businesses during the coronavirus pandemic, including forms to apply for tax relief. The tax relief includes the following: Reduction of advance payments In order to improve the liquidity of companies, they can have the advance payments of income or corporate tax reduced to zero. Waiver of arrears interest If subsequent tax claim results from an income or corporate income tax assessment notice, arrears interest will be determined for such subsequent claims. These can be waived for affected companies. Payment facilitation The date of payment of a duty may be postponed...