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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.

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.

Many companies underestimate the importance of the Wage and Social Dumping Prevention Act (LSD-BG) in Austria and the associated penalties. Even though it is not a new regulation, there are still considerable misunderstandings about the importance of appointing a responsible officer.

The international Finance Monthly Awards are being presented for the 14th time. The awards honor well-managed financial firms that demonstrate strong returns, innovation, sustainability, and inspiration.

The BFG (03.08.2023, RV/5101166/2018) has commented on the fulfilment of the criteria for a shell company acquisition. In this case, changes in the economic structure and the shareholder structure were denied. The criteria for a shell company acquisition were therefore not met, which is why the taxable Limited Liability Company (“GmbH”) was able to claim the existing losses for tax purposes.

The BFG („Bundesfinanzgericht“) has commented on questions relating to violations of the limitation of deductions pursuant to § 20 para. 1 no. 7 Income Tax Act (“EStG”) on "manager salaries" and established criteria for culpability in the event of non-compliance with this limitation.

The AI Global Excellence Awards were established in 2018 by the Acquisition International Magazine to recognize innovative companies, teams, and individuals driving positive change in various industries. To determine the winners, an impartial in-house team conducts comprehensive research. Nominees are analyzed based on various criteria such as experience, digital presence, customer reviews, products and services, and business development.

With our Tax Compliance Calendar 2024, you can see the monthly submission deadlines for VAT returns, EC sales and TAX returns at a glance. Simply download the PDF & keep an overview throughout the year.

Corporate INTL's annual awards recognise the world's leading advisors and financiers in a number of countries and continents around the world.

With our Tax Compliance Calendar 2023, you can see the monthly filing deadlines for Tax and Payroll at a glance. Simply download the PDF & stay on top of things all year round.

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.

The Austrian federal government had announced some time ago that domestic tax law was to be "ecologised". An important step in this direction was taken with the measures of the Tax Reform 2022. The first key points were presented on 3 October 2021. On 20 January 2022, these were finally adopted in a slightly adapted form. The Tax Reform 2022 will enter into force gradually from July 2022. In this article we will give you an overview of the innovations that have been adopted and that are intended to "relieve the burden on working people, reward environmentally friendly behaviour and strengthen Austria as a business location". Following this statement of the former Minister of Finance, we have categorised the measures into "social", "ecological" and "economic policy" measures.

We wish you a Merry Christmas and a Happy New Year!

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.

The final version of the regulation for the determination of the tax EBITDA ("Earnings before Interest, Taxes, Depreciation and Amortization") and the Group EBITDA has been published in the Federal Gazette II No. 390/2021.

The next decade is likely to be a period of significant change for the automotive industry. Emerging technological innovations, government policy around sustainability and changing business models mean that Original Equipment Manufacturers (OEMs) and suppliers will all need to adapt.