The effects of the corona virus are massively affecting the Austrian economy.

 

Since the beginning of April 2020, the federal government has used numerous funding instruments that are constantly being adapted and/or expanded.

 

Furthermore, a new law came into force on January 1, 2021 – the Good Conduct Act. This ties the granting of Covid subsidies to the good tax behavior of companies and provides for repayment obligations in the worst case scenario.

Due to the large number of funding instruments, it is challenging to stay up to date.

 

Current funding opportunities include:

  • Fixed cost subsidy
  • Investment bonus
  • Hardship fund

and

  • Short-time work.

 

The new “Good Conduct Act” came into force on January 1st, 2021 and standardizes the facts of good tax behavior.

 

You can find further details about which specific circumstances need to be taken into account in our newsletter.

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