Die neuen Erhöhungstatbestände des StiftEG im Lichte der Kapitalverkehrsfreiheit = The new extended tax liability in the Austrian Foundation Entrance Tax Act and the free movement of capital

Resource Information

The work Die neuen Erhöhungstatbestände des StiftEG im Lichte der Kapitalverkehrsfreiheit = The new extended tax liability in the Austrian Foundation Entrance Tax Act and the free movement of capital 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

Die neuen Erhöhungstatbestände des StiftEG im Lichte der Kapitalverkehrsfreiheit = The new extended tax liability in the Austrian Foundation Entrance Tax Act and the free movement of capital

Creator

• Binder, A. (Anna)
• Pinetz, E

Subject

• foundation
• fundamental freedoms

Language

eng

Summary

Contributions to foundations made by Austrian taxpayers are taxed at a rate of 2.5%. The rate amounts to 25% if the recipient fails to meet certain criteria. On 1 January 2014, two additional augmentation criteria entered into force: from now on, the increased tax rate also applies if the receiving foundation is not subject to an obligation similar to sec. 5 of the Austrian Private Foundations Act or has not been registered in a public register upon submission of its founding documents. Effectively, only contributions made to foreign foundations are affected by these new provisions. Hence, the cross-border transfer of funds is taxed less favourably. The authors analyse a possible impairment of the free movement of capital, and lay particular emphasis on third-country situations and the EEA country Liechtenstein

Citation source

In: Steuer und Wirtschaft International. - Wien. - Vol. 24 (2014), no. 7 ; p. 318-334

Geographic coverage

International

Language note

German