Tax deadlines for reduction applications and interest on claims

As every year, the following applies: Deadlines from September 30, 2020, to Observe:

Bye at the latest 30 September 2020 can (as provided for in the law) still Motion for contempt for the Prepayments in 2020 to be submitted to the competent tax office for income and corporate tax purposes. The essential components of an application are: clear justification the desired reduction in the advance payment as well as a Forecast calculation, In which the estimated income can be demonstrated. To avoid a refund in the course of the 2020 tax return or interest claims, the forecast calculation should in any case realistic Be creative. Due to the current situation, the tax authorities also accept a purely General note on the economic detriment caused by COVID-19. According to information from the BMF, in case of revenue losses due to COVID-19, the application for a reduction for the year 2020 can even be submitted by October 31, 2020.

Keyword Interest on claimswith October 1, 2020 starting for those who are not yet at that time modest induced Tax or Social Security claims of the Tax year 2019 Interest claims to run. Since the Base interest rate still % at -0.62, the amount of Claim interest rate open 1,38 %. As is well known, It is set at 2 % above the base interest rate. The Interest on claim compensates for interest advantages or disadvantages, which is caused by the later payment of the overdue amount or by the later effect of the credit depending on the Date of tax assessment are created. Due to COVID-19 if it happens No changes with the claim interest. The tax authorities are indeed exempt from charging claim interest, but this only applies to Interest on claims Regarding claims for reimbursement that are due to the Taxable period 2020 would be determined. For this begins die Interest on claim but only with October 1, 2021 to walk.

The Problematic The Demand interest rates (negative claim interest) can on a regular basis to be missed, by ensuring that before October 1st (2020), a Deposit to the tax office in the amount of the expected additional payment is being provided. If this has not been done so far, no charge will be incurred as long as the interest charges remain the same. 50 € not exceed. Furthermore, claim interest maximal for a period of 48 months determined - This is relevant, for example, if a multi-year complaint procedure is lost. For the purpose of Avoidance from Interest on claims is it possible that recommended, yet before the expiry of the especially those dependent on the expected additional demand "interest-free period" to pay the corresponding payment to the tax office (description "E 1-12/2019" or "K 1-12/2019"). However, any outstanding Interest on claims are not tax-deductible. Interest claims can also be Compensatory interest whose, which not taxable Finally, it should be noted that excessive advance payments can also lead to No interest can be withdrawn, since balances such as arrears on the tax account are exempt from interest.

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