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Update - Austria Extends Further COVID-19 Relief Measures

03 March 2021

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Approved Changes

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Austria

In addition to the tax payment deferral extension to 30 June 2021 as previously reported, the Austrian parliament has also reportedly approved the further extension of other COVID-19 relief measures. This includes the extension of the availability of commuting allowances until 30 June 2021 even if an individual works from home due to COVID-19 (i.e., does not commute to work). The period for claiming the investment premium is also extended until 31 May 2021, which is provided in the form of a grant equal to 7% of the cost for investments in tangible and intangible depreciable assets, with certain exceptions,...