Key Aspects of the 2026 BUAG Amendment
The Austrian Parliament has passed a comprehensive amendment to the Construction Workers’ Annual Leave and Severance Pay Act (Bauarbeiter-Urlaubs- und Abfertigungsgesetz, BUAG).
CJEU on Real Estate Transfer Tax
The Court of Justice of the European Union (CJEU) has ruled that real estate transfer tax levied on certain contributions in kind of shares in companies owning real estate may be contrary to EU law.
Tax Underpayment Surcharge
If an audit conducted by the tax authorities identifies an additional tax liability, this may also give rise to suspicion of a financial criminal offence.
Real Estate Income Tax on Rezoning
If a property forming part of so-called “legacy assets” is sold and is only rezoned subsequently, such subsequent rezoning may, under certain conditions, result in a higher real estate income tax liability.
No Donation Deduction Without Date of Birth
Anyone wishing to claim a tax deduction for a donation must also provide the eligible recipient organisation with their date of birth. Otherwise, the donation cannot be reported to the tax authorities and cannot be recognised as a special expense for tax purposes.
Business Insurance Payments to Employees
Mileage allowance reimburses the costs associated with the business use of an employee’s private vehicle. If the employer additionally covers private costs or risks, this may result in a taxable benefit for the employee.
Luxury Sports Cars as Business Assets
A recent decision by the Austrian Federal Fiscal Court (Bundesfinanzgericht, BFG) provides important clarification on the tax treatment of luxury goods held as business assets of a limited liability company (GmbH).
Meal Expenses for One-Day Business Trips
The Austrian Federal Fiscal Court (BFG) has ruled that daily allowances may also be claimed as income-related expenses for one-day business trips.