Advanced Search

Amendment Of The Law On Foundations Control Input

Original Language Title: Änderung des Stiftungseingangssteuergesetzes

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

62. Federal law with which the Foundation's Entry Tax Law is amended

The National Council has decided:

The Foundation's Entry Tax Law, BGBl. I n ° 85/2008, as last amended by the Federal Law Gazette (BGBl). I No 112/2012, shall be amended as follows:

1. § 2 (1) is amended as follows:

(a) after the lit. b are the following lit. c and d inserted:

" (c)

the foundation or comparable property is not subject to a statutory obligation corresponding to § 5 of the Private Foundation Act to communicate to the beneficiaries or


the Foundation or comparable assets is not entered in the Company Book or a comparable foreign public register on presentation of the Foundation's certificate (Staff Regulations), or "

(b) the previous lit. c is given the name "e)" .

2. In § 5 the following Z 5 is added:

" 5.

Section 2 (1) shall enter into force on 1 January 2014 and shall be applicable from that date on to benefits if the tax liability arises after 31 December 2013. "