|  | | CONSULTATIO MAGAZINE | | News |  | New service for CONSULTATIO-Clients
European comparison of taxes
Do you know the rate of VAT in Denmark? Highly 25 per cent - therewith the country is common with Sweden, Hungary and Norway in front of Europe. More moderate in contrast is Liechtenstein: there the turnover is taxed with only 7, 6 per...  |
 | Experts weigh in on the demise of our currency and approaches to ways out of the turmoil
Can the euro be saved?
On the occasion of its 40th anniversary, the auditing and tax consultancy CONSULTATIO hosted an exciting panel discussion in mid-June. Given the theme “Can the euro be saved?”, an eclectic blue-ribbon panel... |
 | Event Companies to watch out
Stars & Starlets – subject to Taxation in Austria
If foreign celebrities perform in Austria for a fee, they are subject to taxation under current Austrian Law. Since Paris Hilton et al tend to stay very briefly within our domestic borders, the collection of the “foreigners´ tax“ poses a... |
 | Summary filing to be submitted two weeks earlier
Export Sales: Tax Authorities to tighten filing deadline
With a new new directive, the Tax Authorities created quite a stir with CPAs. As of Jan. 1, 2010, the summary filing (“SF“) has to be submitted considerably earlier than previously, that is, by the end of each respective subsequent... |
 | Reverse-Charge to be extended to B2B Service Providers
Sales Tax: 2010 to entail major changes
As an entrepreneur, if you render transnational services you had better know precisely which party to the transaction is subject to sales tax in which country-or isn´t, for that matter! As of next year, the name of the game will be different to this effect. Whoever... |
 | Gifts to be permitted up to EUR 100
Does giving chocolate constitute an offense?
On July 8, 2009, Parliament passed a resolution on the amendment to the Corruption Act. Rarely has an amendment to the Penal Code given rise to such divided responses. Fear is spreading that any gift to a public official might already be punishable by law. The Ministry of Justice has... |
 | No Taxes, Social Security Contributions and Incidental Payroll Costs
Tax-free expense allowance for sportspersons
People who practice their respective sports as a side job really are to be envied; as of Jan. 1, 2009, they may qualify for a lump-sum travel expense allowance of € 30.- per day on assignment, capped at € 540.-, however, per calendar... |
 | IFRS versus Austrian standards
How stocks are evaluated in a crisis
Turbulence in global financial markets has also led to debate about the correct balance to be struck in terms of shareholding. The key question is: if stock exchange prices cave in, are the losses to be then immediately included in the balance sheet of the company that owns them? In this case, domestic... |
 | Have you paid your VAT?
Treasury plans action focused on VAT
The Treasury has announced a VAT centred campaign for the 2nd quarter of 2009. At present we cannot determine the extent of the implementation of this campaign. However, we would like to stress that now is a time to be especially vigilant in terms of complete payment of Value Added Tax and in prompt delivery of... |
 | Deadline June 30, 2009
Claiming foreign VAT for 2008
If you, in your capacity as domestic entrepreneur, have paid foreign VAT outside of Austria, you may claim a refund for these taxes in many countries for the year 2008 by June 30, 2009. This deadline may usually not be extended.
Which setting may give rise to refundable foreign VAT?
Have you or your... |
 | CONSULTATIO Client Forum Talk
Global crisis requires global answers
“For the first time, we are facing a wrenching global crisis of the financial sector and the so-called real economy, and this calls for global answers. In Europe, every country tries to go it alone, “ criticizes Dr. Hannes Androsch on the occasion of a CONSULTATIO Client Forum Talk.... |
 | The New Consultatio
Opening with 650 Guests
The opening of the new Consultatio Service Center on September 18 in Vienna exceeded all expectations. Six hundred and fifty guests and friends prominent in business, politics and the arts and press representatives, as well as colleagues from the tax-advice sector, met in the office building at Karl-Waldbrunner-Platz 1 in... |
 | Minimize Your Audit Risk
The Finance Ministry’s “Secret Weapons”
Whoever is in the sights of a tax investigator has to expect a difficult, expensive and lengthy audit. The authorities consider all firms that offer their services directly to consumers as potential recipients of “black revenue.” Every firm that has not complied with the Austrian... |
 | The High Cost of Data-Processing Readjustment
Will There Be a Five-Per-Cent VAT on Food?
The much-discussed five-per-cent VAT on food is an open question. Will it or will it not occur? And if it does, from which date will it be in force? And which “luxury goods” will retain a 10-per-cent VAT? According to rumours coming from the Federal Ministry of Finance,... |
 | The new CONSULTATIO service centre
At the end of May CONSULTATIO moved into its new quarters at Karl-Waldbrunner-Platz 1. The new office building is just a stone’s throw away from its old address. The square is a reminder of the... |
 | Mag. Erich Wolf
Interview with CONSULTATIO founder Dr. Hannes Androsch
Life is a rollercoaster
In May 2008 company founder Dr. Hannes Androsch celebrated his 70th birthday. In an interview with CONSULTATIO News he orientates himself 'past the tree line', with which he means being 'above things' in a relaxed way. Yet he is still highly active, which can be seen in... |
 | Mag. Christian Moritz
Balance sheets: Electronic submission now obligatory
Hard copy only permissible for small business
Companies will now have to disclose their annual financial statements at the commercial register; in the future, almost all firms will have to submit their annual financial statements... |
 | Mag. Siegfried Scheiner
Amendment to law
NotiFication requirement for Beneficence
Inheriting and endowing tax free – since July 31, 2008, this has been possible. The catch: registration is now required. There are huge tax additional costs for renters hidden in the beneficence registration law. How the tax authorities cash... |
 | Mag. Barbara Dietl
Timely voluntary report makes it possible
HOW Tax evaders get away with it
Coming into conflict with the law is by no means always done in bad faith. Because tax regulations are constantly becoming more complicated, some ‘good’ companies can often be on the other side of the law – out of pure ignorance. CONSULTATIO News... |
|
| | | Your newsletter subscription |  |
|
