Wolf Theiss

Tax

Wolf Theiss was ahead of the curve, becoming one of the first law firms in Austria to provide advice on national and international tax law. From a quick glance at our clients, it's easy to see why we're still setting standards for tax advice in Austria and CEE/SEE. The Wolf Theiss Tax practice group does not shy from large and complex cases – if your business has a cross-border element, our regional breadth and understanding of tax matters throughout the region is what you need.

It pays to get creative. In the globalised economy of today, high net worth individuals and corporations are increasingly interested in diversifying their portfolios across different regions. With 13 offices throughout CEE/SEE and contacts from around the world, the Wolf Theiss tax team can help you implement structures that optimise your tax burden. We are always on the lookout for creative solutions, tax incentives and any other vehicles the law provides without losing sight of the abuse of law doctrine or developments from the OECD.

Mergers and acquisitions in particular can be tax minefields. We are there to help you navigate M&A transactions and reorganisations by assessing the tax ramifications of different tactics and customising a strategy optimised for your needs.

If you ever find yourself at the centre of a tax challenge, dispute or audit, we will work to minimise back payments and penalties in as time-efficient a manner as possible. We have experience in negotiating audits and the finalisation of assessments and seeking the best possible outcome for clients. Fiscal criminal matters and voluntary self-disclosures for individuals and enterprises are particular areas of expertise.

Our clients benefit from the fact that our partners have dual qualifications as certified public tax advisors and attorneys-at-law. They not only have years of experience but also regularly hold lectures and publish on recent developments in this continuously changing field. This combination of practical experience, academic research and continuous training guarantees that you and your organisation receive advice that doesn't just follow trends, but anticipates them so you can plan accordingly.

Contact
Niklas
Schmidt
Partner
T. +43 1 51510 5410
F. +43 1 51510 665410
Schubertring 6
1010 Vienna
Austria
Areas of Specialisation

Tax Advice in M&A

M&A transactions and reorganisations can sometimes seem like a maze.  When you're standing at the crossroads of different tax structures, how do you know which way to go? We routinely advise investment banks and corporations on large transactions by assessing the tax ramifications of potential tax structures with an eye to producing tax savings for our clients. We will work to find you and your business savings anywhere we can, such as from structures aimed at minimising taxable gains upon disposals, achieving the tax deductibility of acquisition-related interest expenses, utilising goodwill amortisation under the Austrian group taxation regime and avoiding stamp duties.

Tax Disputes & Litigation

We offer advice on how to effectively handle and react to tax challenges at any stage in the process, from negotiations in tax audits to the finalisation of assessments. We work to help you avoid time-consuming disputes and to minimise back payments and penalties. We will defend your interests as far as we can, even up to having the Austrian Constitutional Court or the Austrian Administrative Court repeal or at least mitigate decisions from lower authorities. We are particularly happy to leverage the experience of co-Head Benjamin Twardosz, who has spent several years in the tax section of the Austrian Administrative Court and has published a treatise on how to draft an appeal to this court.

Fiscal Criminal Law

A criminal proceeding is no place for you to skimp on your defence. We draw on the strength of lawyers from across our Tax and Dispute Resolution practice groups to get you practical, helpful advice in your time of need. We have extensive experience in filing self-disclosures for individuals and business enterprises, in particular in Switzerland and Liechtenstein. Our expertise also extends to defending clients from allegations of balance sheet fraud.

Tax Planning

High net worth individuals and corporations turn to us for cross-border tax planning. We implement structures aimed at lowering the overall tax burden on taxpayers; not by making use of off-shore locations but through various other vehicles, including Austrian private foundations (which offer substantial tax planning opportunities). And, with us, you don't need to fear too much of a good thing: we are always mindful of the restrictions imposed by the Austrian abuse of law doctrine and try to find creative ways to overcome obstacles.

Private Clients

Individuals come with individualised tax needs. Let us help you plan your succession matters as well as any cross-border relocation of residence issues that might come up – we specialise in German clients who for reasons of German inheritance tax decide to move to Austria. Other services include optimising tax implications associated with wealth structuring, realisation of potential tax savings through pension contributions and advice on tax aspects related to the creation and operation of foundations and trusts.

 

Financial Products

Are you looking at purchasing, holding or selling an investment? We advise individual and institutional investors on all aspects of tax for financial matters. Are you considering a creative solution, perhaps a new financial product? We can help you exploit opportunities in statutory law and counsel you on tax and other legal questions.

Press Releases

Newssquare WOLF THEISS ADVISES RAIFFEISEN BANK INTERNATIONAL AG (RBI) IN ISSUANCE OF €650,000,000 6.125% AT1 NOTES

Vienna, 5 July 2017 – Today, RBI closed an issuance of €650,000,000 6.125% AT1. Wolf Theiss and Linklaters advised RBI in this issuance, which was met...

Newssquare MALTA FILES: WOLF THEISS SEES CONFIRMATION OF SHIFT IN THE PERCEPTION OF TAX PLANNING

Vienna, 30 May 2017 – The currently discussed "Malta Files" are confirming, according to Wolf Theiss, changing trends in how tax planning is...

Newssquare WOLF THEISS NAMED "CENTRAL AND EASTERN EUROPE LAW FIRM OF THE YEAR" AT CHAMBERS EUROPE AWARDS FOR EXCELLENCE

Vienna/London – 11 April 2017 – Wolf Theiss has been named "Central and Eastern Europe Law Firm of the Year" in this year's Chambers Europe Awards....

Newssquare WOLF THEISS ADVISES QIA ON INVESTMENT IN BANVIT

Vienna, 16 January 2017 – Wolf Theiss has advised as Austrian counsel the Qatar Investment Authority (QIA) on a joint venture between QIA and BRF, the...

Newssquare Wolf Theiss advises Filtration Group in its acquisition of the Industrial Filtration division of Mahle

Vienna, 2 November 2016 – Wolf Theiss has advised the Filtration Group, a subsidiary of the finance investor Madison Capital Partners, in all aspects...

Newssquare Wolf Theiss Finance & Tax Breakfast: Geldwäschebekämpfung bei Banken

Wien, 15. September 2016 – Die bevorstehende Umsetzung der 4. EU-Geldwäsche-Richtlinie bringt für den österreichischen Finanzmarkt einige Änderungen...

Newssquare Wolf Theiss advises Eurazeo in its acquisition of a hotel portfolio from Accor and other investors

In a cross-border transaction, Eurazeo Patrimoine has acquired from Accor Hotels and other investors 85 hotels under the brands Ibis Budget, Ibis...

Newssquare BREXIT: WOLF THEISS EXPERTEN INFORMIERTEN ÜBER RECHTLICHE UND STEUERLICHE AUSWIRKUNGEN FÜR ÖSTERREICH UND DIE EU

Wien – Über 150 Teilnehmer informierten sich beim WOLF THEISS Brexit-Stresstest über mögliche rechtliche Konsequenzen des künftigen Austrittes der...

Newssquare Wolf Theiss advises Vis Mundi and Levant Capital in acquisition of company shares of Power Horse Energy Drinks GmbH

Wolf Theiss has advised the investors Vis Mundi and Levant Capital in their purchase of a 49% stake in shares of Power Horse Energy Drinks GmbH.

Newssquare WHY ARE WE NOT NOTIFIED OF OUR TAXPAYER CLASSIFICATION? WHY IS IT WORTH BEING A RELIABLE TAXPAYER?

An analysis by the tax expert of Faludi Wolf Theiss Attorneys at Law on reliable taxpayer classification. As of 1 May 2016, the classification of...

Newssquare 5% VAT ON NEW HOMES – DETAILS ONLY FEW CONSIDER

Budapest, 24 February 2016 – The reduction of the VAT on new houses to 5% stands out from among the tax changes in 2016 from more than one point of...

Newssquare WOLF THEISS SOFIA ADVISED ARCO CAPITAL CORPORATION LTD. ON THE FINANCING OF BUSINESS PARK SOFIA, IS THE PREMIER OFFICE PARK IN SOUTHEASTERN EUROPE

Sofia, 9 July 2015, UniCredit Bank Austria AG and UniCredit Bulbank AD have jointly participated in the refinancing of the largest office park in...

Newssquare SEVERAL BILLION FORINTS MAY BE REFUNDED TO HUNGARIAN FIRMS

In its recent decision concerning Hungary, the European Court of Justice ruled that any national regulation and practice precluding the payment of...

Newssquare WOLF THEISS ADVISES CAPVIS EQUITY PARTNERS ON BUY OF RENA'S POLISH UNIT

Warsaw, Vienna, 20 April 2015 – A fund managed by Capvis Equity Partners AG has bought the Polish unit of RENA Technologies GmbH, a worldwide leader...

Newssquare WOLF THEISS AND COOLEY ADVISE VIVO CAPITAL AND ORBIMED ON INVESTMENT IN NABRIVA THERAPEUTICS

Nabriva Therapeutics AG announced the successful completion of a USD 120 million Series B financing, led by US based investors Vivo Capital and...

Client Alerts / Newsletters

Newssquare WOLF THEISS International Tax Newsletter - Austria 2/2017

The summer heat in Vienna has reached its climax, which means that we've arrived at the end of the second quarter. Also, this means that we are...

Newssquare The Austrian authorities have requested information on UBS account holders resident in Austria

The Austrian authorities have requested information from the Swiss Federal Tax Administration on UBS account holders resident in Austria, to check if...

Newssquare Wolf Theiss International Tax Newsletter - Austria 1/2017

We've arrived at the end of the first quarter, which means it's time for the next issue of our International Tax Newsletter Austria.

Newssquare Wolf Theiss International Tax Newsletter - Austria 4/2016

We've arrived at the end of the fourth quarter, which means it's time for the next issue of our International Tax Newsletter Austria.

Newssquare Wolf Theiss International Tax Newsletter Austria - Issue 3/2016

We've arrived at the end of the third quarter, which means it's time for the next issue of our International Tax Newsletter Austria.

Newssquare Retail sector tax suspended in Poland

At the press conference held on Tuesday, September 20th, Poland's Minister of Finance, Mr. Paweł Szałamacha, announced that the application of a...

Newssquare Wolf Theiss International Tax Newsletter Austria - Issue 2/2016

We've arrived at the end of the second quarter, which means it's time for the next issue of our International Tax Newsletter Austria.

Newssquare WOLF THEISS International Tax Newsletter Austria - Issue 1/2016

The first International Tax Newsletter Austria of the year is now out, covering recent changes to Austrian tax law and other issues important to an...

Newssquare Bosnia and Herzegovina: New system of corporate income taxation in Federation of BiH

The Parliament of Federation of Bosnia and Herzegovina has recently adopted new Law on Corporate Income Tax. Hoping to increase the public revenues,...

Newssquare WOLF THEISS INTERNATIONAL TAX NEWSLETTER AUSTRIA

We are pleased to forward the fourth issue of our International Tax Newsletter Austria 2015, covering some more noteworthy developments in Austrian...

Newssquare The Corporate Income Tax Law -- Serbia -- 2015

The National Assembly of the Republic of Serbia adopted on 29 December 2015 amendments to a number of tax laws, including the Corporate Income Tax...

Newssquare Bosnia and herzegovina: Legislative changes in Federation of Bosnia and Herzegovina

Application of the new FBiH Law on Companies started today, on 21 December 2015.

 

Bosnia and Herzegovina (BiH) is currently implementing an...

Newssquare SERBIA: NEW LAW ON INVESTMENT

On 4 November 2015, the new Serbian Law on Investment came into force, thereby replacing the long-standing Law on Foreign Investment. This...

Newssquare WOLF THEISS INTERNATIONAL TAX NEWSLETTER AUSTRIA - ISSUE 3/2015

The third issue of our International Tax Newsletter Austria this year, covering noteworthy developments in Austrian tax which could be relevant in an...

Newssquare A Grand Chamber of the Polish Supreme Administrative Court ruled on taxable revenue derived from an asset contribution to a capital company.

The written justification of the Polish Supreme Administrative court's ruling on taxable revenue derived from an in-kind contribution in exchange for...

Newssquare WOLF THEISS HÍRLEVÉL

Az Országgyűlés 2015. június 17-én elfogadta a jövő évi adótörvény változásokat. Hírlevelünkben részletesen ismertetjük az egyes adónemeket érintő...

Newssquare CORPORATE AND TAX ALERT - POLAND - June 30

2015 brought significant changes in the field of corporate law. The two most important laws for the operation of businesses, the Act on the National...

Newssquare Wolf Theiss International Tax Newsletter Austria - Issue 2/2015

On 16 June 2015, the Austrian government approved a draft bill of the Tax Reform Act of 2015/2016 for submission to Parliament. If adopted, most of...

Newssquare CORPORATE AND TAX ALERT - POLAND - June 8

2015 brought significant changes in the field of corporate law. The two most important laws for the operation of businesses, the Act on the National...

Newssquare AN AMERICAN INVESTMENT FUND PROGRESSING TOWARDS RECEIVING A REFUND OF POLISH TAXES WITHHELD BY ENTITIES PAYING IT DIVIDENDS

On 15 April 2015, the Warsaw Administrative Court overturned a decision of the Polish Tax Office refusing a refund to an American investment fund of...

Newssquare Wolf Theiss International Tax Newsletter Austria - Issue 1/2015

On 13 March 2015, the Austrian government announced the key elements of the tax reform 2015. The following are the highlights of the envisaged reform....

Newssquare BULGARIAN TAX EXEMPTION FOR INTEREST AND ROYALTY PAYMENTS

New amendments to the Bulgarian Corporate Income Tax Act on the taxation of income from interest and royalties entered into force as of 1 January...

Newssquare ACT ON AMENDMENTS TO THE GENERAL TAX ACT

The Act on Amendments to the General Tax Act (“Act”) introducing significant changes

to the Croatian tax system, such as binding opinions of the Tax...

Newssquare Das Gesetz über die Änderungen und Ergänzungen des Allgemeinen Steuergesetzes

Am 17. März 2015 trat das Gesetz zur Änderung des Allgemeinen Steuergesetzes in kraft

(„Gesetz“). Das Gesetz führt wesentliche Neuerungen des...

Newssquare Wolf Theiss International Tax Newsletter - Austria 4/2014

On 18 November 2014, the Austrian government submitted the draft bill of the Austrian 2nd Tax Amendments Act of 2014 (2. Abgabenänderungsgesetz 2014)...

Newssquare WOLF THEISS International Tax Newsletter - Austria 3/2014

The first half of the year has as always been a very challenging one for tax lawyers. Our government stepped up its efforts on increasing its...

Newssquare WOLF THEISS International Tax Newsletter - Austria 2/2014

Before the elections in fall 2013 the Austrian government promised to "unleash" the Austrian economy. Yet, hardly anything that has been resolved...

Newssquare Abzugsverbot für Gehälter und Abfindungen

Durch das sogenannte Abgabenänderungsgesetz 2014 wurde ab 1.3.2014 ein Abzugsverbot für Gehälter ab einem Betrag von EUR 500.000 pro Jahr sowie für...

Wolf Theiss Guides

Newssquare Tax Handbook - Investing in Ukraine

The purpose of this handbook is to provide basic legal information for investors seeking to conduct business in Ukraine. This is a third updated...

Newssquare Tax Handbook 2015: Investing in Ukraine

The purpose of this handbook is to provide basic legal information for investors seeking to conduct business in Ukraine. This is a second updated...

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