Austria To Introduce New Angel Investor Tax Breaks
by Ulrika Lomas, Tax-News.com, Brussels
08 August 2019
The European Commission has approved an Austrian tax incentive for mid-sized business financing companies.
The measure offers tax incentives to private individual investors for investing in early phase companies and innovative small and medium enterprises in their growth phase. Financial intermediaries that participate using Special Purpose Investment Vehicles (SPVs) can benefit from a capital gains exemption, provided that they pay out an equal amount in dividends to the investors.
The Commission said that the measure is in line with EU state aid rules. In particular, the scheme meets the requirements of the Risk Finance Guidelines, as Austria has provided an ex-ante study to identify and explain the specific market failure that the measure addresses.
The measure will apply to applications submitted before December 31, 2023, and will be in effect until December 31, 2029.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »