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Audit of annual and consolidated financial statements
We place particular emphasis on customized solutions and international service and adapt our services to your needs.
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Assurance related advisory services
Assurance related advisory services are based on the knowledge and expertise that are the staff of life of our auditors.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Accounting related consulting
Accounting in accordance with UGB, US-GAAP or IFRS is in constant motion. The integration of new regulations into their own accounting systems poses special challenges for companies.
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Corporate Tax
We are your problem solvers for corporate tax issues
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Restructuring, Mergers & Acquisition
Expertise and creativity for the perfect structure
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International Tax
We are here, whenever our clients require our assistance
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Transfer pricing
We are your experts for an optimal transfer pricing structure
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Indirect Tax & Customs
We take care of your indirect taxes so you can take care of your business
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Private Wealth
We are your competent partner in the field of Private Wealth Tax Services
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Real Estate Tax
We are a valuable partner at every stage of your property's life
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Global Mobility Services
Local roots and global networking as a secret for successful assignment management
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Advisor for Advisor
As advisors for advisors, we support in complex situations
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Bookkeeping & Financial accounting
Financial accounting is the basis for many decisions in the company. Only those who prepare their figures clearly and get a good overview of their company can recognize weak points in time and react to negative developments. The use of state-of-the-art software (BMD) allows you to access your figures at any time. Digital document management and a document management system for data archiving are a matter of course. We take care of your financial accounting.
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Preparation of annual & consolidated financial statements
Depending on the size of your company and the legal form chosen, you are obliged to prepare annual financial statements. In addition, shareholders, owners and management want to be provided with financial information on a regular basis. We support you in fulfilling your recording obligations and thus ensure that you present companies, the bank and other addressees with meaningful and reliable figures.
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Payroll Services
Payroll services are among the subject areas that are changing rapidly and constantly gaining in complexity. This is where tax law, social security law, labour law, residence law and other legal matters come together. Our experts will help your team to stay up-to-date and solve complex issues. But we are also happy to take care of your entire payroll accounting.
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Tax Compliance
Tax authorities keep entrepreneurs and freelancers constantly engaged with tax issues, so they play a central role in almost every business decision. Depending on your needs, our services range from the preparation of tax returns, the execution of tax calculations with a thorough review of the data as a basis for assessment, to international tax compliance for several countries.
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Robotic Process Automation (RPA)
Robotic Process Automation (RPA) is a software-based technology that mimics a series of activities within and between systems based on a set of instructions typically to complete a process.
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Valuation
Valuations are a core competence of Grant Thornton Austria. As auditors and tax advisors we combine profound know-how with our practical experience to offer you customized solutions for your valuation assignment. Our industry expertise is based on years of services to our clients, including listed companies as well as owner-managed companies with an international focus. We advise on valuation matters related to arbitration and provide expert opinions.
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Forensic Services
When it comes to risks in business, our experts are on hand. We support you not only in suspicious cases or in disputes, but also develop suitable strategies in the area of prevention to avoid serious cases as far as possible. Our Cyber Security team helps you to keep your networks and applications secure and is quickly on hand in the event of a security leak.
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Transaction Support
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Sustainability Services
Sustainability is no longer a trend, but the only way to create a future worth living. Our experts will support you in successfully developing your sustainability strategy and preparing your sustainability reporting in compliance with regulations.
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Merger & Acquisition
Companies start new activities and separate from old ones, cooperate and merge. Markets and competitive conditions are subject to constant and increasingly rapid change. As a result, existing business models are changing. Some companies have to restructure and reorganize. But new business opportunities also open up.
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Restructuring & Going Concern Forecast
Restructuring & Going Concern Forecast: Bundled services for your strategic, operational and financial decisions offer the right answers for companies, banks, shareholders and investors.
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Internal Audit
Internal Audit helps companies and organisations to achieve their goals by analysing and evaluating the effectiveness of risk management, controls and management and monitoring processes. Internal Audit focuses on independent and objective audit (assurance) and consulting services that improve the value creation and business activities of your company.
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Expert dispute resolution & advisory
Grant Thornton Austria offers comprehensive services in the field of business-oriented expert services with a broad range of competencies from banking to communication. The core activity of experts is the objective recording of findings and the preparation of expert opinions - regardless of all external circumstances. Our experts Gottwald Kranebitter and Georg H. Jeitler, as sworn and court-certified experts, ensure that the highest professional standards and the principle of objectivity are observed.
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Blockchain and Crypto-Asset
Blockchain as a carrier technology for crypto currencies and smart contracts, among other things, is becoming increasingly important. Grant Thornton Austria offers comprehensive audit and confirmation services for block chain technologies and business models.
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Corporate & Brand Strategy
We support you in developing growth strategies for a sustainably successful future and in maximizing the potential of your brand.
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Cyber Security
Cyber incidents, IT system failures, the resulting business interruptions and the loss of critical data are one of the greatest business risks for companies. Recent cases underline the need for strategic protection and awareness of the issue and require a holistic approach and technical expertise that takes into account all legislative, regulatory and technical aspects of cyber security to protect companies against the daily increase in cybercrime incidents.
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International Project Coordination
Our International Engagement Management team is your central point of contact for international projects in all our service lines. We take care of operational project management for you and act as a central point of contact and coordination for your projects. We support companies that start international projects from Austria as well as companies from abroad that want to gain a foothold in Austria or use Austria as a hub for their international projects, especially in the DACH (Germany, Austria and Switzerland) and CEE region.
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International Desks
As a member of the Grant Thornton network, we guarantee direct access to resources from our worldwide circle of partners. This global connection enables us to seamlessly integrate highly qualified specialists and industry experts from different countries around the world into our teams. Through our broad perspective and diverse expertise, we ensure that we can optimally meet the individual requirements of our clients in an increasingly globalised economy.
Donations
In principle, donations to the institutions listed in Section 4a of the Income Tax Act (= beneficiary institutions) are deductible up to an amount of ten percent of the profit in the case of business expenses (if made from business assets) or of the total amount of income in the case of special expenses (Section 18 of the Income Tax Act, in the case of cash donations from private assets). Donations to beneficiary institutions for beneficiary purposes are thus capped in terms of the amount they can be claimed for. Donations in kind are generally only deductible if they are made from business assets. In the case of donations by private individuals, the name and date of birth of the donor must also be disclosed to the charitable organization in order to be deductible. The institution then transmits the data to the responsible tax office. Only then can the donation be taken into account accordingly in the employee tax assessment.
However, there is a special rule for donations in connection with acute disaster situations in Austria and abroad: If such aid is provided to a company in a promotional manner in connection with acute disaster situations, it can be fully deducted as a promotional expense for income tax purposes in accordance with Section 4(4)(9) of the Austrian Income Tax Act. Media reports, mailings to customers or donation notices on the company website or on posters or in the business premises are suitable as proof of the advertising effect. The recipients of the aid can either be directly affected by the disaster or help in this context.
Donations in kind
In the case of donations in kind, sales tax must be taken into account in addition to the income tax aspect. The removal of an item from the company and its subsequent transfer free of charge constitutes own consumption if there was at least partial entitlement to input tax deduction with regard to the donated item. Only gratuitous donations of low value for business reasons are exempt from own consumption taxation. The own consumption of goods is to be treated as a supply; the basis of assessment is the purchase price (or cost price) for the donated items at the time of the transaction.
Supplies of auxiliary goods
However, according to the Ordinance of the Ministry of Finance on VAT relief for aid supplies abroad (BGBL 787/1992 as amended), supplies of aid goods by companies for consideration or free of charge (own consumption) within the framework of national or international aid programs in emergency situations are to be treated as non-taxable transactions if the following conditions are met:
The destination of the supply is in a state explicitly named in the regulation. Ukraine is mentioned by name in § 5.
The supplies (to Ukraine) must be notified in advance to the tax office responsible for the entrepreneur and a declaration must be made that no VAT will be charged to the recipient. The declaration must contain the type and quantity of the aid goods as well as the exact name and address of the recipient of the donation in kind or the delivery against payment.
Proof must also be provided that the goods were shipped for the intended purpose (= obligation to provide proof). A transfer for a specific purpose is also deemed to have taken place if the donation is sent abroad via a domestic charitable organization for the purpose of providing local aid.
Supplies against payment must also be made to a corporation under public law or to a corporation, association of persons or estate pursuing charitable, benevolent or ecclesiastical purposes.
According to § 2 of the Ordinance, the exemption from the obligation to pay VAT does not apply in the case of supplies against payment if the customer is entitled to deduct input tax and VAT relief for the transaction can be obtained by way of input tax deduction.
The willingness to help people in need in their worst moments is thus not only acknowledged in human terms, but is also rewarded in terms of taxation in compliance with the statutory provisions.