English business news 01/2022

The majority of the National Council has approved the already announced eco-social tax reform, which focuses on tax relief and ecologization. The reform package is expected to bring €18 billion in relief by 2025.

Not only the transfer of real property, e.g. through purchase agreements and gifts, can trigger real estate transfer tax, but also the transfer of company shares in a partnership or a corporation, insofar as real property is part of the company's assets.

The verdict of the European Court of Justice regards commercial tenants of foreign property owners - VAT can no longer be deducted as input tax.

The high level of aid and donations also brings up many questions regarding tax treatment and any benefits associated with donations.