Dr Felix Hammerschmidt

Profit distributions to shareholders-managing directors of a GmbH who are subject to the GSVG are subject to the obligation to contribute according to the GSVG. What about distributions to shareholders of a GmbH who are not managing directors? As part of its capital gains tax registration, a GmbH must state distributions (in particular profit shares…

An entrepreneur who provides services exclusively to private individuals who are not entitled to deduct input tax does not owe the incorrectly reported VAT amount. If an entrepreneur shows too high a sales tax amount in an invoice, he owes this by virtue of accounting and must pay it to the tax office. The European Court…

Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As…

We have closed a deal this June acquiring 50,0% of another local tax consulting and auditing firm with a total staff of 17 persons (accountants, tax consultants and auditors). Other share is owned by my new partner Michael Happel. This firm is located in a separate office, but within three years we will concentrate the…

Since 1 July 2018, small businesses have been reimbursed by AUVA for 75% instead of 50% of the remuneration paid to the unemployed employee. Employers who employ on average not more than 50 employees in their company will, under certain conditions, receive a subsidy from the Allgemeine Unfallversicherungsanstalt (AUVA) for paid salary following accident or sickness…

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr Felix Hammerschmidt of Interexpert. Felix has joined IR as our exclusive Accounting Services Member in Austria. Felix Hammerschmidt has been a member of the company since 1995. In addition to national and international tax consulting, his areas of specialization include…