Tax-News

As of Jan. 1st, 2013 laywers and/or notaries are obliged to compute and declare capital gains from real estate transactions ("ImmoESt").

Starting with Jan. 1st, 2013 the tax treaty with Swizzerland has come into effect. Persons involved who have not transferred their capital out of Swizzerland before Jan 1, 2013 have now the choice to either to anonymously pay a lump sum or prepare a voluntary disclosure leading to tax amnesty.

Please be aware of major changes in the field of VAT such as application of open market value, point in time of input VAT deduction, electronicly sent invoices and input VAT deduction, invoicing in foreign currency, etc from beginning of 2013 on.

After the Superior Administrative Court ("Verfassungsgerichtshof") had ruled that the Act on Court Filing Fees ("Gerichtsgebührengesetzes") cannot apply the tax base of the Real Estate Transfer to calculate the filig fees for entry in the land register beyond the end of 2012 anymore the new law requires the fair market value to be applied for means of calculating the filig fees for entry in the land register. This inlcudes gifts and inheritances from Jan. 1st, 2013 on. Several pleasing exceptions apply. Beware of changes in the Real Estate Transfer Tax due to a Superior Administrative Court ("Verfassungsgerichtshof") ruling.