June 24, 2022 admin Post in Allgemein Capital assets abroad Dividends, interest and capital gains generally are taxed in Austria with 27,5%. People moving from abroad to Austria will face the problem that their capital assets abroad become taxable in Austria. Questions arise wether foreign paid witholding tax can be credited to the Austrian income tax or not. Capital gains are taxed as difference between purchase price and selling price. Gains unrealized abroad should not be part of the gain in Austria. Many tax payers face the problem that they hold funds abroad. In Austria the income of the fund is taxed yearly. While for "Meldefonds", reporting funds the problem is minor, people holding "Nichtmeldefonds", nonreporting funds (black funds) can result in high tax payments. Everyone moving to Austria should optimize their portfolio in order not to pay any additional taxes which in case of black funds can result in a high loss. Please contact me for further information. Continue Reading
January 31, 2022 admin Post in Allgemein Working as pilot in Austria Are you working as pilot for an austrian headquarter? Even if you dont reside in Austria you can be treated as austrian tax payer with the same rights as people living in Austria. If you have any questions on your tax situation contact us. Continue Reading
January 31, 2022 admin Post in Allgemein Moving to Austria for university professors University professors who move to Austria can apply for a tax relief and thereby significantly reduce their tax base. Contact us for further questions Continue Reading
January 25, 2022 admin Post in Allgemein Cryptocurrency tax reform The taxation of cryptocurrencies has been fundamentally changed. All coins purchased after February 28th 2021 will be subject to a new taxation. Contact us to get the best possible outcome from the tax reform. Continue Reading