English Business News 03/ 2023

Mazars Hungary has published its eleventh regional tax guide, which includes snapshots and comparative charts of the tax systems of 25 CEE countries for 2023.

In a globalized world, reorganizations also take place across borders. Therefore, the EU has issued the Mobility Directive, which is implemented by Austria through the EU Reorganization Act.

The special deadlines regarding the disclosure obligation of annual financial statements are expiring. For annual financial statements with a reporting date of December 31, 2022, the regular Company Register disclosure requirement applies until September 30, 2023.

In times of digitalization, virtual collaboration is becoming increasingly important. This also applies to shareholder meetings of companies and associations at which important decisions are made. Since the COVID 19 pandemic, there have been temporary regulations to facilitate the virtual holding of meetings that were previously only permitted in physical form. These have now been permanently enshrined in law with the entry into force of the Virtual Shareholders' Meetings Act (VirtGesG) on July 14, 2023.

Recently, the list of participating countries that report financial data to Austria was republished by the Ministry of Finance.

Sustainability has long moved up the agenda of corporate executives when it comes to planned investments. Our C-Suite ESG Insights Reports examine current sustainability trends, priorities and challenges for companies.