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.
Bridge to New Markets.

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.

  • Smart Manufacturing and Artificial Intelligence in Austria

    5.08.2021/15.00 CST (China Standard Time), Virtual Event

  • Meet us @ Belt and Road Summit Hong Kong 2021

    01.09-02.09 2021, Virtual Event

Austria Map

Find the perfect location for your company

Vienna is the driving force for innovations in our company, and one of the growth drivers.

Ottobock Austria

Logo
More testimonials

news from the business location Austria

Online real estate specialist Propster obtains fresh capital

A digital “all-round programme” for implementing real estate projects is offered by the Viennese startup Propster established in 2017.

4 Reasons for Evaluating Austria as the First Step for Internationalisation of Your Startup

Just recently the latest edition of the Austrian Start Up Monitor was published. The report, once again, shows that Austria has a very dynamic founder scene. Just think of Prescreen, mySugar, Bitpanda or Bitmovin; Austria has spawned numerous, internationally well-known flagships within the startup community.

More news All blog posts