AUSTRIA: TYROL MOVES TO RESCUE ALCOHOL TAX

Article Abstract:

The Austrian state of Tyrol is preparing a regional law that would enable the local authorities to continue to levy an alcohol tax (so-called beverage tax), which is under scrutiny by the European Court. If the tax is abolished, Austrian municipalities will lose an annual income of Sch 6bn and may have to pay back Sch 15bn. The Austrian parliament failed to pass a national reform of the alcohol tax. In order to comply with European Union rules, the Tyrol draft specifies for which purposes the revenues from the tax may be spent. Thus municipalities could not return the tax to bar- and restaurant-keepers and retailers. The state of Salzburg is considering a similar law.

Beverage Manufacturing, Alcoholic Beverages

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AUSTRIA/LUXEMBOURG: RWA GIVES UP TRADE UNIT

Article Abstract:

Raiffeisen Ware Austria (RWA), the agricultural trade organisation created by cooperatives in Lower and Upper Austria and Styria, has closed its subsidiary in Luxembourg. It thus wanted to avoid penalties as a result of a tax investigation. The Luxembourg company had been set up a year ago to import agricultural chemicals from Austria and export them back to the same country. Thus RWA wanted to avoid the 20% value-added tax on plant protection agents in Austria. In Luxembourg the tax is 3%. About 25% of the plant protection agent turnover of RWA was generated through the Luxembourg subsidiary that recorded sales of Sch 200mn.

Foreign trade, Pesticide and Other Agricultural Chemical Manufacturing, Pesticides & Other Ag Chemicals, Farm Products Whsle, Horticultural Materials Wholesale, Farm Supplies Whsle, Farm Product Raw Material Wholesalers, Flower, Nursery Stock, and Florists' Supplies Wholesalers, Farm Supplies Wholesalers, Agricultural products wholesalers, Horticultural products, Agricultural supplies industry

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Austria: Tax relief for industrial premises abroad

Article Abstract:

The Austrian administrative court (VwGH) announced its recognition of tax relief for companies, that made losses at industrial premises abroad. The losses can be directly offset against tax liability on the income made in the home country. With this recognition, industrial premises abroad gain a financial advantage over subsidiaries situated abroad, which will continue to be fully liable for tax.

Foreign Operations Organization, Foreign operations (Business)

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