Measures before the end of 2014 - For entrepreneurs

Apply for group taxation

With corporations, the establishment of a Business group the possibility to offset profits and losses of the included companies. This offers, among other things significant positive tax effects. Voraussetzung sind die geforderte finanzielle Verbindung (Kapitalbeteiligung von mehr als 50% und Mehrheit der Stimmrechte) seit Beginn des Wirtschaftsjahres sowie ein entsprechend beim Finanzamt eingebrachter Group application. For all capital companies with the calendar year as their financial year (i.e. balance sheet date 31.12.), the group application must be submitted by no later than 31.12.2014 to incorporate so that it still has an effect for the Veranlagung 2014 entfaltet. Gleiches gilt für die Aufnahme in eine bestehende Unternehmensgruppe (etwa weil eine neue Beteiligung am 1.1.2014 erworben wurde). Aufbauend auf einer EuGH-Entscheidung können auch die Ergebnisse inländischer Enkelgesellschaften (Zwischengesellschaft im Gemeinschaftsgebiet) dem Gruppenträger zugerechnet werden. Ausländische Gruppenmitglieder können nach einer im Jahr 2014 erfolgten Gesetzesänderung nur noch dann einbezogen werden, wenn diese in EU Member States oder in Staaten mit umfassender Amtshilfe ansässig sind. Bereits bestehende Gruppenmitglieder, die diese Voraussetzung Not erfüllen, scheiden mit Stichtag 1. Jänner 2015 aus der Gruppe Australia. Die bereits zugerechneten Losses dieser Mitglieder sind in den Jahren 2015 bis 2017 zu je einem Drittel nachzuversteuern.

Research funding - research premium

The research premium of 10% is as Tax credit designed and therefore applies in both profit and loss-making years. Furthermore, research expenses are tax-deductible regardless of whether the research premium is claimed. The for the premium relevant research expenditure can Personnel and material expenses for research and development activities, overheads, financing expenses, and investments directly serving research and development (including the acquisition of land). The research premium is for Self-research this must be in Inland erfolgen) betraglich unlimited. Für die Geltendmachung der Forschungsprämie ist die Vorlage eines positiven Gutachtens der Österreichischen Forschungsförderungsgesellschaft (FFG) (Anforderung über Finanz-Online) erforderlich. Für das Gutachten werden seitens der FFG keine Kosten verrechnet. Im Gegensatz dazu ist die Basis for remuneration for contract research The prerequisite, in turn, is that it is a domestic contractor – for the client at 1,000,000 € limited. Submission of an FFG expert opinion is not required for contract research.

Tax-free allowance

The profit allowance is available to all natural persons irrespective of the profit determination method and amounts to up to 13% of the profit. Up to a profit of €30,000, every taxpayer is entitled without proof one Tax-free allowance from 13% (thus €3,900); corresponding investments are required to claim a higher tax-free allowance. Sponsored investments encompass fundamentally Tangible non-current assets bzw. nunmehr Housing bonds (Wandelschuldverschreibungen zur Förderung des Wohnbaus), nicht mehr (zumindest temporär) aber Wertpapiere wie z.B. Anleihen. Die Nutzungsdauer bzw. Retention period beträgt jeweils 4 Jahre. In früheren Jahren angeschaffte Wertpapiere bleiben weiterhin über die Minimum retention period von vier Jahren nachversteuerungshängig. Scheiden dem Betrieb gewidmete Housing bonds vor dem Ablauf von vier Jahren aus, so kann eine Replacement purchase durch Realinvestitionen erfolgen bzw. innerhalb von zwei Monaten auch durch eine Wohnbauanleihenersatzbeschaffung. Bei Inanspruchnahme einer Flat-rate operating expenses stands only The Tax-free allowance to. The tax-free allowance reduces also the GSVG assessment basis and therefore next to The Tax burden Also die Social security contributions. Seit der Veranlagung 2013 wird der Tax-free allowance für Gewinne ab 175.000 € reduced und beträgt zwischen 175.000 € und 350.000 € 7%, zwischen 350.000 € und 580.000 € nur mehr 4,5%; für den darüber hinaus gehenden Teil der Gewinne cancelled The Tax-free allowance zur Gänze. In Summe beträgt der Freibetrag daher maximal 45,350€.

Advance payments (half-year depreciation) and timing of payment/receipt for income and expenditure calculation software

For investments that after dem 30.6.2014 If the purchase is made, half the annual depreciation can be claimed in the second half of the year, regardless of the date of purchase. The Preferring investments spätestens in den Dezember 2014 kann daher Steuervorteile bringen. Low-value assets (up to €400) can be paid immediately in full can be discontinued. E-A calculators can fundamentally, by utilising the inflow/outflow principle, a temporary relocation to tax liability. However, for expenses listed in § 19 (3) of the EStG (e.g. consulting, rental, sales, administrative, interest costs etc.), only a one-year advance payment Tax deductible! Regularly recurring income or expenses that are due at the end of the year are to be allocated to the calendar year to which they economically belong if they are made within 15 days before or after 31st December. So-called „abandoned claims“, which are paid at a later date only at the creditor’s request, are nevertheless regarded as having already been received (in the previous year).

Compliance with the turnover threshold for small businesses

VAT exemption (without deduction of input tax) is only applicable to a Annual net sales from up to €30,000 möglich. Unternehmer, die Gefahr laufen diese Grenze im Jahr 2014 zu überschreiten, sollten - wenn für sie die Ist-Versteuerung gilt (z.B. bei vielen Freiberuflern) - den Payment received if possible erst 2015 receive. Otherwise, the other revenues already received will also be subject to VAT (retroactively).

GSVG exemption

Small business owner (Jahresumsatz unter 30.000 €, Einkünfte unter 4.743,72 €) können eine GSVG-Befreiung für 2014 bis 31. Dezember 2014 apply. Eligible Young entrepreneur (max. 12 months GSVG compulsory insurance in the last 5 years), persons aged 60 or over (statutory retirement age) or persons over 57 if the aforementioned limits have not been exceeded in the last 5 years.

Retention obligations

With 31.12.14 fundamentally ends 7-year retention obligation for business documents for the year 2007. Records which are relevant to a pending tax or other official/court proceedings must also be retained. Records for properties in Advance tax settlement are 12 years to store for a long time. If properties are not exclusively for business purposes and input tax was claimed on the non-business part, the retention obligation is extended under certain conditions to 22 years. Under no circumstances should documents be destroyed that serve as evidence, for example, in product liability, property, inventory, and employment contract law.

Deductibility of donations

Donations from business assets to specific Research institutions and educational institutions serving adult education, as well as universities, can, up to a Maximum amount from 10% be an operating expense for the current financial year's profit. Additionally, and in terms of amount Unlimited Can monetary and in-kind donations related to assistance in disaster situations also be claimed, provided they are for the Advertising serve. Also Donations for charitable causes are tax deductible as business expenses. It is essential that the organisation receiving the donation or the fundraising association is in the BMF List aufscheint und dass die Spende im Jahr 2014 geleistet wurde und nachgewiesen werden kann. Eine double consideration a specific donation as a business expense and as a special expense (see the explanations in the section „For all taxpayers“) Not possible. It should also be noted that corporate and personal donations combined must not exceed 10% of the total amount of income.

Securities cover pension provisions

To avoid tax Penalty surcharges must by the end of the financial year Securities in the nominal amount of at least 50% of the tax pension reserve amount shown at the end of the previous financial year Operating assets to be present. The presence of corresponding coverage should therefore be checked before the end of the year.

Energy levy refund

The application for Kalenderjahr 2009 hat bis spätestens 31.12.2014 zu erfolgen.

Image: © fischer-cg.de - Fotolia