COVID-19 submission deadlines extended in Austria

3 December 2020 - The Federal Ministry of Justice in Austria passed a number of COVID-19 law amendments in March. In accordance with Austrian COVID-19 Act on Corporate Law (Federal Law Gazette I No. 16/2020, amended by Federal Law Gazette I No. 24/2020 - COVID-19-GesG) (hereinafter ‘Covid-19 law’), a 40-day suspension of submission deadlines was allowed, only for those Financial Statements whose initial due date for preparation was in the range of 22 March to 30 April 2020 (in other words, those with a balance sheet between 22 June and 15 October 2019). However, the amendments of Section 3a of the COVID-19 law and section 277 of the Corporate Code were issued, extending the filing deadline until 31 December 2020.

Furthermore, the period for holding the ordinary general meeting or general meeting of an AG, GmbH or cooperatives was extended to 12 months. This also applies to the written resolution on the adoption of the annual financial statements as well as allocation of profit and loss.

The law amendments do not apply for Tax Return filings.

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