By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Where Your Profits Grow Sky High.

Additional measures to support companies during the crisis

Margarete Schramböck, Federal Minister of Digital and Economic Affairs © BMDW/Hartberger

Companies should be provided with further support during the economic crisis via an investment grant and the possibility for loss carrybacks, according to Margarete Schramböck, Federal Minister for Digital and Economic Affairs. An investment premium (investment subsidy) of 14 percent should be granted to those companies making investments over the next six months. In this regard, an investment premium of 14 percent is to be granted to those companies making investments in digitalization, life sciences or healthcare over the next six months. The minister believes an investment premium of 20 percent would be ideal. This premium should be paid in cash and should be distributed regardless of a company's size. In addition, the loss carrybacks are designed to enable companies to offset losses this year with profits reported for 2019 and 2018. This comprises another way in which the government will provide assistance to companies.

At the same time, the Austrian Federal Government announced degressive depreciation options. This means it will be possible to depreciate 30 percent of investments right at the beginning. This type of depreciation will be introduced for an indefinite period of time. This will reduce the basic tax rate on income and wages from 25 percent to 20 percent and thus stimulate consumption.

Read more here about aid measures for companies affected by the coronavirus.

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Investment Opportunities for Electronics Companies in Austria - Carinthia

    08.07.2020 / 2:30 pm IST, Online, Webinar

  • BIOMEDevice Boston 2020

    16. - 17.09.2020, Boston, USA

Austria Map

Find the perfect location for your company

Reliability and expertise in the country and in the company are the convincing factors in selecting a business location. We can be justifiably proud but can still become even more attractive. This is something Austria should increasingly work on in the future!

Pfizer

Logo
More testimonials

news from the business location Austria

Austria registers more patents than ever before

Austrian companies and researchers registered 2.341 new patents at the European Patent Office (EPO) in 2019. Over the last five years the number of Austrian patent applications increased consistently.

Concerning Facebook and LinkedIn: Austrian companies in the social media jungle

A growing number of companies are relying on social media to inform customers, open up new target groups and identify suitable employees. Firms are increasingly investing in Facebook and other social media as each year passes, However, at the same time the continuous further development and establishment of networks are also leading to uncertainties about the right way of handling these platforms.

More news All blog posts