Private limited company: group application forms for tax year 2017 have to be signed by December 31st at the latest

LBG Austria - Summary: By establishing a tax group in accordance with the Austrian Corporation Tax Act, profits and losses of financially related corporations, such as private limited companies, can be offset. Thus the total tax burden of the tax group can be significantly reduced. To benefit from group taxation for the tax year 2017 (for groups with balance sheet date 31/12/2017) the group application forms have to be signed by all group members by December 31st 2017 at the latest and filed with the Austrian tax authorities within one month after signing.

Contact & Advice: Our experts at LBG will be pleased to advise you in your individual situation. Please contact our consultants either directly at LBG at our 30 locations in Austria (www.lbg.at) or email us welcome@lbg.at – we will connect you with the right expert at LBG who is very familiar with your concerns.