This Newsletter regarding current developments of Austrian tax
law covers:
- some tax law changes foreseen by the Draft Budget Supplementary
Act 2012 of the Ministry of Finance,
- a recent decision of the Administrative Court (VwGH,
Austria's highest tax court) regarding real estate transfer tax
in connection with trustee structures, and
- statements of the Federal Ministry of Finance (BMF) about
selected international tax law issues.
A. The ministerial legislative proposal for the Budget
Supplementary Act 2012 has been published
On September 27, 2011 the ministerial legislative proposal for
the Budget Supplementary Act 2012 (Draft-BBG 2012) was published.
The main points of the proposal are the amendment of the Income Tax
Act, the Foundation Entrance Tax Act
(Stiftungseingangsteuergesetz) and the Real Estate
Transfer Tax Act (Grunderwerbssteuer) as well as the
implementation of the EU Council Directive concerning mutual
assistance for the recovery of claims
