Beurteilungskriterien für den Methodenwechsel nach alter und neuer Rechtslage = Criteria for the "switchover" under the old and the new tax regime

Resource Information

The work Beurteilungskriterien für den Methodenwechsel nach alter und neuer Rechtslage = Criteria for the "switchover" under the old and the new tax regime represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Beurteilungskriterien für den Methodenwechsel nach alter und neuer Rechtslage = Criteria for the "switchover" under the old and the new tax regime

Creator

• Schrottmeyer, N

Subject

• CFC
• passive income
• switchover clause

Language

eng

Summary

If a foreign corporation has passive income and is taxed at a lower rate than in Austria, the so-called "switchover" from the exemption method to the credit method will occur. In this event, dividends and capital gains are not tax exempt in Austria; foreign taxes can be credited. With the Annual Tax Act 2018, this "switchover" was modified and integrated into the new CFC regime under Sec 10a Austrian Corporate Tax Act. The decisive criteria for both mechanisms are passive income and low taxation. In this article, the author explains how both key elements should be interpreted, with a focus on the "switchover", and attempts to shed light on some questions posed by the new tax regime

Citation source

In: Steuer und Wirtschaft International. - Wien. - Vol. 28 (2018), no. 9 ; p. 421-429

Geographic coverage

• European Union
• Europe

Language note

German