The costs arising from the capital duty, especially for internal Group restructuring measures, were not insignificant. Up until now contributions of capital were generally subject to a capital duty of one percent. The elimination of this tax facilitates the process of equity capital financing.
The capital duty represents a capital transaction tax on the initial equity investment as well as capital increases by Austrian limited liability companies and “hidden” corporations (GmbH & Co KG). In addition, this tax is also imposed on grants, debt waivers, other disclosed or hidden capital contributions as well as profit-related borrowings (e.g. profit participation loans and participation