Mag. Matthias Mitterlehner

Austria's new government faces a challenging economic outlook, aiming to provide tax relief while introducing levies to boost treasury revenues. These measures could impact the financial services industry. Explore the changes in this article, prepared by our colleagues at ICON (WTS Global in Austria).

Liechtenstein's favorable tax rates attract international tax planning, but legal conflicts with Austria can lead to double taxation. A recent Austrian Fiscal Court case highlights the risks of complex tax avoidance schemes. 

Austria’s Pillar Two rules allow the ultimate parent entity to designate a "single taxable CE" for top-up tax, with the declaration to be filed via FinanzOnline by 31 December 2024.