Austria: Overview of tax-related relief measures (COVID-19)
Short-time work, certain tax incentives, investment premiums, guarantees or grants
Short-time work, certain tax incentives, investment premiums, guarantees or grants
Tax-related measures offering relief in response to the economic effects of the coronavirus (COVID-19) pandemic concern short-time work, certain tax incentives, investment premiums, and guarantees or grants.
Among the tax relief measures available are provisions concerning or providing:
- Accelerated depreciation
- Loss utilization through accruals of COVID-19-reserves and loss carrybacks
- Funding instruments:
- Bonus on loss of turnover (Ausfallsbonus)
- Fixed-cost subsidy (Fixkostenzuschuss)
- Loss subsidy (Verlustersatz)
- Investment premium (Investitionsprämie)
- Lockdown turnover compensation (Lockdown-Umsatzersatz)
- Bank guarantees (Garantien)
- OeKB special credit line (OeKB-Sonder-KRR)
- Location safeguarding subsidy (Standortsicherungszuschuss)
- COVID-19-start-up aid fund (COVID-19 Start-up Hilfsfonds)
- Other grants (hardship funds, etc.)
- Short-time work and labour law implications
- Audits of COVID-19 aids and fundings
- Criminal and financial law implications in instances when there is a misuse of funding
For more information, contact a KPMG tax professional in Austria:
Christoph Plott | +43 1 31332 3697 | cplott@kpmg.at
Michael Petritz | +43 1 31332 3304 | mpetritz@kpmg.at
Oliver Mavher | +43 1 31332 4552 | omavher@kpmg.at
Read an August 2021 report (German) prepared by the KPMG member firm in Austria
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