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Legal regulations, administrative procedures, tax treaties, court decisions and decrees often make entrepreneurial engagement a challenge. Keep the overview.

International indirect tax guide

Navigating the global VAT, GST and sales tax landscape

In the past two years we have seen events that have changed the way we work, and more importantly from an indirect tax point of view, the way we purchase and receive goods and services as consumers. As a result, Value Added Tax (VAT) and Goods and Services Tax (GST) is growing in its complexity and application, as the traditional goods and services model is replaced with digital content; virtual consumption and seamless international trade flows.

09 Sep 2022

Donation deductibility Ukraine

Ukraine

Due to the current situation in Ukraine, a number of companies have recently organized or made donations in cash or in kind for the long-suffering people on the ground. The wave of solidarity and willingness to help is enormous. The provision of these cash and non-cash assets can be claimed as tax-deductible under consideration of the legal requirements. The following is a brief explanation of the requirements that must be met in this regard.

3 min read | 26 Jun 2022

Electric vehicles - remuneration in kind

Blog.Payroll

If the employee has the option of using a company-owned electric vehicle (with a CO2 emission value of zero grams per kilometer) for private travel, a non-monetary remuneration value of zero is to be applied. An electric vehicle is a means of transport that is powered purely by electric energy.

Judith Schützinger

| 1 min read | 26 Jun 2022

Resetting global tax rules after the pandemic: a primer for businesses

Tax

During a prolonged financial crisis, such as the one triggered in 2008-09 by the collapse of the US sub-prime market and the current period of uncertainty caused by Covid-19, tax revenues tend to decline significantly.

4 min read | 07 Oct 2021

How to deal with the impact of COVID-19 on transfer pricing

TRANSFER PRICING

In April 2021, around 200 leaders from businesses and tax authorities around the world joined experts from the OECD and Grant Thornton to explore the transfer pricing issues thrown up by COVID-19. The level of interest from countries as far apart as Argentina and New Zealand attests to the deep uncertainties over transfer pricing and resulting concerns over the potential for double taxation and dispute.

10 min read | 26 May 2021

International tax reform: the potential impact on the technology industry

TECHNOLOGY

Reforms to the international tax framework have been debated and discussed at length in recent years.

8 min read | 22 Sep 2021

Home Office: Measures 2021

Blog.Tax

The imposed entry bans to contain the Corona pandemic have turned the work organization of many businesses upside down from one day to the next. Since the outbreak of the pandemic, work could no longer be performed on site in many industries. Some companies therefore (forced) to switch to home offices.

2 min read | 17 Mar 2021

Restructuring in Austria

RECOVERY & REORGANISATION

Draft law on the restructuring of companies has become necessary because Austria also has to comply with the implementation of an EU directive for pre-insolvency proceedings (by July 2021).

5 min read | 11 Mar 2021

Update on the taxation of foreign employers without a permanent establishment

blog.payroll

The Austrian Federal Ministry of Finance has updated the income tax guidelines regarding the taxation of foreign employers without a permanent establishment, which changes last year’s amendment and aligns it to the legal situation before January 2020. A permanent establishment for payroll purposes is defined as any fixed local facility or establishment maintained by the employer in the country for a period of more than one month, if it serves to carry out the activity performed by the employee.

09 Feb 2021

Clarification on individual questions regarding the temporary reduction of VAT to 5%

Blog.VAT

In an information letter (GZ 2020-0.457.789 dated 20.07.2020), the Federal Ministry of Finance (BMF) answered further detailed questions on the temporary introduction of the reduced VAT rate of 5% from 1 July 2020 in the restaurant, hotel, cultural and publication sectors.

Claudia Modarressy

| 25 Aug 2020

Update: Temporary introduction of a reduced VAT rate of 5 % from 1 July 2020

Blog.VAT

The temporary introduction of a 5 % VAT rate for areas particularly affected by COVID-19 was unanimously approved by the National Council on Tuesday, 30 June 2020. An amendment - also adopted unanimously - also clarified and extended the areas benefiting.

Claudia Modarressy

| 01 Jul 2020

As of 1 July 2020: Temporary introduction of a reduced VAT rate of 5%

Blog.Vat

In order to support the areas of gastronomy, culture and publications, which are particularly affected by COVID-19, an initiative motion on the temporary introduction of a reduced VAT rate of 5% was submitted to the National Council on 18 June 2020. The National Council is expected to pass a resolution on this on 30 June 2020 and the Federal Council on 2 July 2020. We have compiled some information on this subject. (Status: 24.06.2020)

Claudia Modarressy

| 25 Jun 2020

R&R in the light of COVID-19

Recovery & Reorganisation

The health crisis brought by the COVID-19 virus has suddenly paralyzed many sectors of the economies in CEE. The impact will be long-lasting. In these times, our clients need support and guidance across their business, however the immediate priority is to manage short to mid-term cash and liquidity needs. The adage that cash is king needs to be communicated not only to the finance departments but also across all business units.

07 Apr 2020

Awarded: Raphael Holzinger is „M&A Tax Advisor of the Year in Austria”

We have been Awarded!

Since 2010, the Global Advisory Experts Annual Awards have been celebrating outstanding achievements, innovations and successes in global consulting areas, with the aim of honoring the best industry experts.

Less than a minute | 15 Oct 2024

Christoph Schmidl is ‘Business Tax Adviser of the Year’ 2024

WE HAVE BEEN AWARDED!

This year, Finance Monthly is honouring special achievements and commitment by companies and individuals in the areas of tax and advisory with its international Taxation Award for the 15th time.

Less than a minute | 29 Aug 2024

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