Overview
On 16 March 2023, the Austrian Ministry of Finance published once again a new decree on the adjustment of rates for deferral interest, interest on arrears (“Anspruchszinsen”), interest for suspension (“Aussetzungszinsen”), interest for appeal (“Beschwerdezinsen”), and VAT interest. This decree replaces the decree of 3 February 2023.
The rates for deferral interest, interest on arrears (“Anspruchszinsen”), interest for suspension (“Aussetzungszinsen”), interest for appeal (“Beschwerdezinsen”), and VAT interest depend on the applicable prime interest rate (Sec 212 para 2, 212a para 9, 205 para 2, 205a para 4, 205c para 5 Austrian Federal Fiscal Code). Pursuant to Section 1 of the Base and Reference Rate Ordinance, the prime rate changes in accordance with the interest rate applied by the European Central Bank to its main refinancing operations. The decision of the Governing Council of the ECB of 16 March 2023, which provides for a further 0.50% increase in the prime interest rate, results in the following interest rates effective as of 22 March 2023.
Applicable interest rates as of 22 March 2023
- Deferral interest rate pursuant to Sec 212 para 2 Austrian Federal Fiscal Code: 4.88% (until 30 June 2024 pursuant to Sec 323c para 13 Austrian Federal Fiscal Code)
- Interest on arrears (“Anspruchszinsen”) according to Sec 205 para 2 Austrian Federal Fiscal Code: 4.88%.
- Interest for suspension (“Aussetzungszinsen”) according to Sec 212a para 9 Austrian Federal Fiscal Code: 4.88%.
- Interest for appeal (“Beschwerdezinsen”) according to Sec 205a para 4 Austrian Federal Fiscal Code: 4.88%.
- VAT interest according to Sec 205c para 5 Austrian Federal Fiscal Code: 4.88% (application according to Sec 323 para 75 Austrian Federal Fiscal Code)
Overview of change in interest rates:
Applicable from | Prime interest rate | Deferral-rate (Sec 212 para 2 BAO) | Suspension-rate (Sec 212a para 9 BAO) | Arrears-rate (Sec 205 para 2 BAO) | Appeal-rate | VAT-interest-rate (Sec 205c para 5 BAO) |
16.03.2016 | -0.62% | 3.88% | 1.38% | 1.38% | 1.38% | - |
01.07.2021 | -0.62% | 1.38% | 1.38% | 1.38% | 1.38% | - |
27.07.2022 | -0.12% | 1.38% | 1.88% | 1.88% | 1.88% | 1.88% |
14.09.2022 | 0.63% | 2.63% | 2.63% | 2.63% | 2.63% | 2.63% |
02.11.2022 | 1.38% | 3.38% | 3.38% | 3.38% | 3.38% | 3.38% |
21.12.2022 | 1.88% | 3.88% | 3.88% | 3.88% | 3.88% | 3.88% |
08.02.2023 | 2.38% | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% |
22.03.2023 | 2.88% | 4.88% | 4.88% | 4.88% | 4.88% | 4.88% |
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Mag. Madeleine Grünsteidl, LL.B. (WU), LL.M. (NYU)
Madeleine Grünsteidl ist Steuerberaterin bei Deloitte Wien. Ihre Tätigkeitsschwerpunkte liegen im Verfahrens- und Finanzstrafrecht, in der Beratung von Privatpersonen (Private Clients) sowie Körperschaften und im internationalen Steuerrecht. Zudem ist sie spezialisiert auf Fragestellungen im Zusammenhang mit dem Wirtschaftliche Eigentümer-Registergesetz. Sie ist regelmäßig als Fachautorin und Fachvortragende tätig.
Florian Fiala, LL.M. (WU)
Florian Fiala ist Berufsanwärter im Bereich Tax Litigation bei Deloitte Wien. Sein Tätigkeitsschwerpunkt liegt im Steuerverfahrensrecht. Er ist regelmäßig als Fachautor und Vortragender tätig.