Update in regards to Hardship Case Fund („Härtefallfonds”) – when should I make the application?
An application for the 4th “corona month” is now possible. It is now possible to make the application in regards to financial support for the Hardship Case Fund for the 4th “corona month”, which is equal to review period of June, 16th up until July, 15th 2020. The application is possible starting July, 16th and […]
New Collective Agreement for Trade
With December 1st, 2017 a new regulation concerning the classification for employees working in trade became effective in Austria. All commercial companies with this collective agreement have to apply the regulations until latest December 1, 2021. There will be a standard wage schedule for the entire Austrian territory. Furthermore there will be 8 employment groups […]
Change in taxation regulation for meal vouchers
Starting July, 2020 there are new regulations in regards to tax free amounts for meal vouchers. While up until now, € 4.40 per day has been considered as tax free, this value has been raised to € 8.00 per day. Vouchers, which can be also used to purchase groceries and don’t have to be consumed immediately, are […]
Prolonging of deferment of payments
The regulations in regards to deferment of payments for contributions and taxes have been adapted, prolonged and – partially – bound to certain prerequisites. When being impacted by the corona-crisis, the financial authorities have granted a deferment of payments resp. installment of payments up September, 30th 2020. It is planned – however, not yet legally […]
Prolonging of corona short time working
Applying for COVID-19-measues (such as for example, the fixed cost subsidy for short time working) has been for many companies an enormous administrative burden. While most applications have now been submitted and some of them are also already approved, it is important to still react to the constant changes and news. The corona short […]
Covid-Start-up Support Fund
A Covid-Start-up Support Fund has been implemented in order to support innovative small businesses (“start-up”) by doubling their private equity capital. By doing so, the financial stability of the start-ups should be strengthened, which are affected by the current Covid-crisis, so that they can remain liquid. All details (in German) can be found here: austria wirtschaftsservice.
Fixed cost subsidy will be granted earlier
Initially, it has been communicated that the fixed cost support will be granted only next year – after, the actual (financial) damage can be identified. However, this has been criticized by many and therefore a new regulation is in place. The new regulation now foresees that the applications can be made starting May, 20th via […]
Hardship Case Fund “Härtefallfonds”, phase 2: „Immediate support“ with delay
On April, 20th the second phase of the Hardship Case Fund “Härtefallfonds” has started. However, this immediate support does not help anyone instantly. The Hardship Case Fund “Härtefallfonds” is meant as an immediate support for the smallest companies and sole owner companies. In the first phase, some affected companies have been excluded. Now, in phase […]
Fixed costs subsidy starting May – or even later?
The application for fixed costs subsidies has been moved from mid of April to May. Nevertheless, kindly consider that the payments will be only due in the upcoming financial year. Initially, with April, 15th an application for the fixed cost subsidy from the Corona-Support-Fund should have been possible. However, now this is only possible starting […]
New hotline for Federal Ministry of Finance
Too many funds with too many different names: In order to minimize confusion, from Monday onwards the Federal Ministry of Finance has a new hotline. The Federal Ministry of Finance has reacted to the occurring confusion due to the numerous funds and aid measures. From Monday onwards you can call 0043 / (0)50 233 770, where the different funds […]