Austria: Draft guidance on non-carbon infrastructure provision under interest limitation rule
Other recent direct and indirect tax developments
Other recent direct and indirect tax developments
The Ministry of Finance published draft guidance on the non-carbon infrastructure provision under the anti-tax avoidance directive (ATAD) interest limitation rule, which exempts interest expenses for loans to finance long-term public infrastructure projects from the interest limitation calculation.
The guidance specifies certain conditions for application of the exemption provision:
- The infrastructure project must not be for the transport or storage of fossil fuels.
- The infrastructure project must be subject to a climate change adaptation assessment demonstrating that the infrastructure project will not increase relative greenhouse gas emissions.
- An expert’s opinion that demonstrates that the infrastructure project is not climate-damaging must be attached to the corporate income tax return.
Read an October 2023 report prepared by the KPMG member firm in Austria that includes a summary of other recent direct and indirect tax developments
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