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tax law news

Get an overview of our tax law news.

Read through our tax law team's articles, publications and news:

publication

to the point: Tax News Österreich | 02/2023

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publication

03 April 2023

austria

T.Hayden S.Egger

Vergleichbare außergerichtliche Sanierung

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newsletter

Romania: Deadlock in sale of Romanian farmland outside buildable areas finally cleared

A two-and-a-half-year deadlock impeding the sale of Romanian farmland located outside buildable areas and acquired less than eight years ago seems to have been finally cleared. On 2 February 2023 a much-awaited normative act came into effect, filling a series of legislative gaps and allowing public notaries to authenticate sale agreements for certain types of farmland located outside buildable areas.

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event

05 April 2023

romania

A.Stoian N.Olah

Tax inspections and disputes: ways to rise to the challenge

Breakfast with Schoenherr
5 April 2023 | 9:00 – 11:30 am EET
Marmorosch Bucharest Hotel | 2 Doamnei Street, 1st District, Bucharest

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publication

to the point: Tax News Österreich | 01/2023

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roadmap

Electric cars: good for the planet but also for the Austrian taxman

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roadmap

Photovoltaics: the green energy source. Austrian tax aspects to consider when implementing photovoltaic systems

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roadmap

Work from home and its consequences under Austrian tax law

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publication

Gequälte Suche nach der fremdüblichen Miethöhe bei Luxusimmobilien - Korrespondierende gesellschaftsrechtliche Rückforderungsverpflichtung? (Teil I)

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newsletter

11 January 2023

romania

A.Stoian

Romania: In a mild winter, a strong wind of tax changes

There will be a significant number of tax changes in Romania in 2023. While companies may welcome some of them, others will bring them additional tax costs this year or next.

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media coverage

06 December 2022

austria

M.Thorbauer

Wie man Sonnenstrom versteuert

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newsletter

27 October 2022

hungary

A.Bognár

Hungary: The jury is still out – is it lawful to incorporate taxes into flight tickets?

Hungary's parliament passed a package of anti-corruption laws on 3 October 2022 as part of the commitments made by the government to the European Commission ("EC").

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publication

07 October 2022

austria

G.Ebner T.Hayden

Uneinheitliche oder fehlende Rückwirkung bei grenzüberschreitenden Verschmelzungen von Kapitalgesellschaften im Gesellschafts-, Bilanz- und Ertragsteuerrecht

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media coverage

Nachfolge mit Stolpersteinen: Was Unternehmen bei der Erbfolge beachten sollten

Beim Generationenwechsel in Familienunternehmen können gewünschte gesellschaftsrechtliche Lösungen mit dem Erbrecht in Konflikt geraten

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newsletter

14 September 2022

hungary

G.Szalóki

Hungary extends the scope of transaction tax

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publication

to the point: Tax News Österreich | Q2 2022

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publication

Rechtsfähigkeit und Typenvergleich von in Österreich ansässigen UK-Ltd nach dem Brexit - gesellschaftsrechtsautonome Auslegung des § 1 Abs 2 KStG?

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newsletter

21 July 2022

hungary

A.Bognár

Hungary: Could Airlines be Fined for Increasing their Prices?

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newsletter

13 June 2022

austria

C.Holzer

Upcoming tax for already existing wind power and PV plants: double trouble in Burgenland?

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newsletter

New special taxes in Hungary to improve the state's income

On 4 June 2022 the Hungarian government issued a decree introducing special taxes affecting several sectors, among others banking, insurance, energy, telecommunications and airlines.

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publication

to the point: Tax News Österreich | Q1 2022

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newsletter

03 February 2022

romania

A.Stoian

Romania: Happy New Year, Happy New Tax Rules!

Romanian taxpayers had an exciting start to the year with the Government introducing changes to the country's main tax laws – the Fiscal Code and the Tax Procedural Code. These amendments, which follow others announced at the end of last year, were introduced in accelerated fashion, having been debated for only a few days prior to adoption.

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publication

to the point: Tax News Österreich | Q4 2021

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roadmap

Does a new era of crypto tax transparency lie ahead?

For those who have been paying little attention to the taxation of their crypto assets, things are about to get heated.

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roadmap

Multilateral Convention: a gamechanger for corporate taxation

In 2021, representatives of 136 OECD (Organisation for Economic Co-operation and Development) countries agreed on a major reform concerning the current rules of international corporate taxation.

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roadmap

Austria's corporate tax regime goes green

In November 2021 the Austrian government outlined its draft for an eco-social tax reform, which intends to combine substantial tax relief through various (tax rate) measures as well as a significant increase of the tax burden for unsustainable, polluting behaviour by private households and companies.

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media coverage

Steuertipps: Was bis Jahresende noch getan werden kann

Die letzten Wochen des Kalenderjahres bieten Steuerpflichtigen letzte Möglichkeiten, um Steuern zu sparen. Dank der Steuerreform 2022 zahlt es sich in manchen Fällen aus, Einnahmen ins kommende Jahr zu verschieben

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publication

BFG zu Cum-/Ex-Geschäften: KESt-Rückerstattung auf Dividenden bzw Kompensationszahlungen

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publication

to the point: Tax News Österreich | Q1-3 2021

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publication

Anwendungsbereich und Reichweite der Kapitalmaßnahmen-VO mit Fokus auf Wandeldarlehen

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event

28 October 2021

romania

I.Armașu A.Stoian

Webinar: Debt recovery. Legal and tax solutions

28 October 2021 | 11:00 a.m. (Romania time) | Language: Romanian

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publication

Markenrechte nach Malta verschifft

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press release

Austria: Schoenherr advises Credendo on the cross-border merger of their Austrian stock company into a Belgian group company

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publication

Zweifelsfragen iZm der Meldung nach dem EU-MPfG

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publication

Brexit: Update Umsatzsteuerliche Auswirkungen

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roadmap

Restructuring tools for companies in economic crisis

Austrian tax law provides various reorganisation tools for companies in an economic crisis. Among others, these include shareholder contribution (in the broad sense), debt/equity swap, debt waiver, assumption of debt, letter of comfort, participation right, capital decrease, surety/guarantee, assumption of performance, silent partnership, debt mezzanine swap and restructuring trust. 

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publication

Sanierungsinstrumente für Gesellschaften in der „Krise“ (Teil 2)

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publication

Zweifelsfragen beim Debt-Mezzanine-Swap

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newsletter

10 November 2020

romania

M.Moga-Paler

Romania: Amendments to fiscal legislation impacting employment relations

A series of fiscal measures were introduced in the Fiscal Code by Law No. 239/2020, amending and supplementing Law No. 227/2015 on the Fiscal Code.

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publication

Umsatzsteuerliche Auswirkungen des Brexits

Nach zähen Verhandlungen und einigen Verlängerungen hat Großbritannien (GB) mit 31.1.2020 die EU verlassen.

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newsletter

30 July 2020

austria

P.Feyl

An apple a day keeps taxation away?

The General Court (GC) of the European Union ruled in favour of Apple in the state aid case regarding Apple's Irish tax structure, annulling the 2016 decision of the European Commission (EC).

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publication

Die Unterbeteiligung an Kapitalanteilen im Gesellschafts- und Steuerrecht

Im österr Recht besteht eine Vielzahl von Beteiligungsmöglichkeiten, die unterschiedlichst ausgestaltet werden können und die verschiedenste gesellschafts- und steuerrechtliche Folgen haben.

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publication

Sanierungsinstrumente für Gesellschaften in der "Krise"

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newsletter

Sanierungsinstrumente in der Krise

Gerade in aktuellen Krisenzeiten stellt sich für viele Unternehmer die Frage, wie sie ihr Unternehmen bestmöglich sanieren können, um so das Fortbestehen des Unternehmens zu sichern.

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publication

Wer kann bei Bilanzfälschung durch Vorstandsmitglieder zur Verantwortung gezogen werden?

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newsletter

23 April 2020

romania

M.Roibu

Romania: Are Romanian companies ready for post-pandemic tax audits?

As part of the preventive measures taken to mitigate the impact of the COVID-19 pandemic, the Romanian tax authorities have limited the number of tax audits at taxpayers' premises for the duration of the state of emergency.

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newsletter

19 March 2020

croatia

M.Simsa

COVID-19 Update – Croatia – Tax / Banking & Finance

On 19 March 2020 the Croatian Parliament adopted a series of laws aiming to reduce the adverse effects of the coronavirus on the Croatian economy.

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publication

Einschränkungen der Hebung stiller Lasten in Rückstellungen (Teil 2)

Anders als der deutsche Gesetzgeber dürfte der österreichische Gesetzgeber die Möglichkeit der Hebung stiller Lasten in Rückstellungen vorausgesehen haben, weil sich für Sozialrückstellungen in § 14 EStG bereits spezifische Beschränkungen hierfür finden.

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publication

21 February 2020

austria

M.Thorbauer T.Hayden

Die Hebung stiller Lasten in Rückstellungen (Teil 1)

Stille Lasten in Rückstellungen entstehen durch spezifische Ansatzverbote, Ansatzbeschränkungen oder Bewertungsvorbehalte im Bilanz- und Steuerrecht, die - entgegen dem Imparitätsprinzip - zu einer eingeschränkten Aufwandsdarstellung in der abgelaufenen Wirtschaftsperiode führen.

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newsletter

31 January 2020

austria

T.Hayden

The consequences of Brexit for Austrian VAT

After several extensions and long negotiations, the United Kingdom is now set to leave the European Union on 31 January 2020, after which a transitional period will commence until 31 December 2020.

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newsletter

13 January 2020

croatia

Fourth round of Croatian tax reforms takes effect l Croatia

In late November 2019 the Croatian Parliament passed a series of laws amending Croatian tax legislation. The new laws, in the most part, came into effect on 1 January 2020.

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roadmap

cee overview - tax

An overview of tax innovations for Austria, Romania and neighbouring countries

Significant tax innovations came into force in 2019 in the Austrian legal market.

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roadmap

Austria: New Digital Services Tax

In September 2019, the Austrian parliament passed the new Digital Services Tax Act, which will enter into force on 1 January 2020. The main goal is to achieve "fair taxation" by taxing online advertising services provided in Austria. But in fact it is aimed at multinational tech companies.

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roadmap

Austria's implementation of the DAC 6-directive: The EU Reporting Act

Following the approval on 25 May 2018 of the European DAC 6-directive, which obligates taxpayers and tax intermediaries to report certain aggressive cross-border arrangements to the tax authorities, the Austrian parliament approved the EU Reporting Act (EU-Meldepflichtgesetz) on 20 September 2019, which implements the aforementioned directive into Austrian domestic law. This publication will highlight the most important takeaways and developments of this new act in comparison to the directive, which was already discussed in Roadmap 2018.

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roadmap

Throwback: Implementation of CFC rules in Austria

One of the Anti-Tax Avoidance Directive (ATAD) measures involves the reallocation of income of Controlled Foreign Companies (CFC) in low-tax jurisdictions to the parent company. The new Austrian CFC rules came into force on 1 January 2019. On 25 January 2019, the Austrian government published a Regulation on the application of these CFC rules. This article provides a practical overview of the Austrian CFC rules.

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publication

18 November 2019

austria

M.Thorbauer R.Perner

to the point: Tax News Österreich | Q3 2019

In unserem "to the point: Tax News Österreich" beleuchten unsere Tax-Experten für Sie jedes Quartal die aktuellen Änderungen im Steuerrecht, die aktuelle steuerrechtliche Judikatur sowie Auffassungen der Finanzverwaltung / des Schrifttums.

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publication

16 October 2019

austria

Gebührenpflicht durch Kettenverweis

Der vollständige Artikel ist hier zu finden.

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publication

to the point: Tax News Österreich | Q2 2019

In unserem "to the point: Tax News Österreich" beleuchten unsere Tax-Experten für Sie jedes Quartal die aktuellen Änderungen im Steuerrecht, die aktuelle steuerrechtliche Judikatur sowie Auffassungen der Finanzverwaltung / des Schrifttums.

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newsletter

05 August 2019

romania

M.Moga-Paler

Are you ready for the tax and employment authorities' dawn raids? - Romania

A wave of dawn raids from mixed teams of the Romanian tax and employment authorities (ANAF and ITM) is expected this August. As per public declarations, these measures target tax evasion and "black market" labour.

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media coverage

26 July 2019

romania

M.Moga-Paler

Salarii mai mari si taxe mai mici din 21 iulie 2019. Ce trebuie sa stii daca activezi in domeniul construcțiilor

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newsletter

15 July 2019

austria

Digital Services Tax proposed

In early April 2019, the Austrian Federal Government published a draft of the Digital Tax Act 2020 which is currently under review.

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publication

Wo liegt der Ort der Verwertung von Patentrechten?

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roadmap

Implementation of the EU Anti-Tax Avoidance Directive (ATAD; EU 2016/1164) into Austrian and Romanian Law

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roadmap

Single EU VAT area. Are you ready?

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roadmap

The Interest Limitation Rule under the Anti-Tax Avoidance Directive

ATAD and BEPS:
In 2016, the European Union adopted the Anti-Tax Avoidance Directive ("ATAD") to combat "aggressive tax planning" as part of the Anti-Tax Avoidance Package. Article 4 of the ATAD includes an Interest Limitation Rule ("ILR") based on the recommendations set forth in Action 4 of the OECD's Base Erosion and Profit Shifting ("BEPS") project.

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roadmap

Cryptocurrency in Romania. A go or a no-go?

In Romania, authorities are yet to create the legal framework that would regulate the taxation of activities related to cryptocurrency. This legislative gap leaves plenty of room for tax avoidance, as even the most well-intentioned taxpayers lack the tools to understand what taxes they need to pay in relation to their cryptocurrency trading.

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roadmap

Tax intermediaries to disclose potentially aggressive tax arrangements to tax authorities

On 25 May 2018, the Council adopted a directive forcing tax intermediaries or taxpayers to report aggressive cross-border tax planning schemes to the tax authorities, which may exchange such information with other tax authorities within the EU. The Directive is to be implemented by 31 December 2019 and is applicable from 1 January 2020.

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media coverage

06 December 2018

austria

C.Benes M.Thorbauer

Steuern sparen mit Ackerland und Wald

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newsletter

26 July 2018

hungary

G.Szalóki

Hungary reconsiders the banking transaction tax to promote electronic payments

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newsletter

European Union: VAT Regime 2.0 - Will the Empire Strike Back?

The European Commission proposed fundamental changes to the current Value Added Tax (VAT) regime, aimed at delivering a definite pan-European VAT system in order to tackle tax fraud as well as to unify and simplify VAT requirements for companies while lessening red tape.

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roadmap

Transfer pricing in Romania

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roadmap

Disclosure of financial information of multinationals based on EU Country-by-Country Reporting implemented in Romanian law

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roadmap

Disclosure of tax planning schemes by intermediaries (proposal for an EU-Directive) - Proposed date of application 1 January 2019

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roadmap

Comparison of tax secrecy in Austria and Romania

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roadmap

Tax Secrecy vs Exchange of Tax Information

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newsletter

31 October 2017

austria

Intercompany Transactions: How does BEPS Change Transfer Pricing?

The OECD's Anti Base Erosion and Profit Shifting Initiative (BEPS) significantly affects current transfer pricing regimes regarding intangibles, documentation and dispute resolution.

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newsletter

22 March 2017

moldova

V.Iurkovski

Individual Tax Rulings Now Possible in Moldova – And They're Binding!

What previously was impossible and not foreseen by local legislation is now possible. Starting 1 January 2017, the Tax Code of Moldova (the "Tax Code") was amended by Law 281/2016 to include a separate norm (Art. 136¹) on individual tax rulings ("ITR") for the benefit of entrepreneurs. Within the limits of its scope and in respect of a concrete beneficiary, an issued ITR is binding on the State Tax Service (the "STS"). The Government and the Ministry of Finance are expected to approve the secondary legislation to regulate the details of the procedure.

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roadmap

Austria: The New Anti-Tax Avoidance Directive and its Effects on Austrian Taxation

As part of the EU Commission’s Anti-Tax Avoidance Package, the Anti-Tax Avoidance Directive establishes new rules against tax avoidance practices in Europe.

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roadmap

Corporate Holding Regime in Romania: ”New Entry” in the International Tax Arena

The Romanian corporate holding introduced in 2014 is a viable option for local and regional businesses to create tax-efficient corporate structures.

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roadmap

Romanian Tax Incentives Read Between the Lines: How to Use Them Effectively

For eligible investors, Romania has a number of attractive tax incentives that can reduce the overall tax burden or improve cash flows during the investment phase.

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roadmap

Romania: Taxation of Investment Income – How to Apply Limited Tax Rules to Complex Transactions?

Non-resident investors face many challenges when it comes to assessing the tax impact of their financial transactions and complying with tax rules in Romania.

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roadmap

The ECJ Power Punch to Hungarian VAT Practice

Hungarian taxpayers had faced uncertainty since 2003, when Hungary introduced the principle of “due foresight” into its VAT regime. This principle had been the main weapon of the Hungarian tax authority (NAV) against taxpayers trying to abuse VAT deduction rights. The NAV also abused this weapon, but has now been disarmed.

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