2. Want to save on Tax & Energy costs and optimise Healthcare cover?

3. Irish Business Network Tips on general taxation for employees and SMEs
Headline Verdana Bold
Irish Business Network
Tips on general taxation for employees and SMEs
Arnold Binder, Deloitte Austria

4. With you today…

5. With you today… Arnold Binder Deloitte Tax Wirtschaftsprüfungs GmbH
Certified Public Accountant and
Tax Advisor /
Senior Manager /
Global Employer Services
Deloitte Tax Wirtschaftsprüfungs GmbH
Renngasse 1/Freyung
1010 Wien, Österreich
Tel/Direct: +43 (0)
Fax: +43 (0)

6. Deduction for double household expenses 5
Contents
Deduction for double household expenses 5
Deduction for family home travels 6
Other deductions relevant in practice 8-9
Investment Growth Premium 10-11
Taxation of Foreign Investment Funds 12-13
Useful Links 14

7. Deduction for double household expenses
Conditions and benefit
Deduction possible if
Austrian household has been established due to professional reasons, and
Family residence in Ireland (home country) has been maintained (and not rented out!)
What can be deducted?
Actual costs for hotel stays as well as apartment/housing costs in Austria (rent, utility costs, adequate furniture)
Adequate size of the apartment/house: 55 sqm (tax office could only accept the pro-rated costs)
Maximum amount per month: EUR 2,300 (ie annual maximum amount: EUR 26,400)
Temporal limitation
6 months for singles
2 years for married taxpayers
In exceptional cases: unlimited eligibility (eg spouse holds an employment in the home country)

8. Deduction for family home travels
Conditions and benefit
In general same conditions as for double household expenses
What can be deducted?
Actual costs for travelling home to the family residence in Ireland (home country)
Especially flight vouchers and related costs (travel costs to/from airport)
Maximum amount per month: EUR 306 (ie annual maximum amount: EUR 3,672)
Temporal limitation same as with double household expenses
Vouchers/Invoices need not be presented to the tax office
upon tax return filing, but can be requested by the tax office

9. Deduction for double household expenses and family home travels
Where to consider it in the tax return?

10. Other deductions relevant in practice
Donations and child-related expenses
Donations to certain approved institutions (special expenses)
List of approved institutions:
Deduction only possible for cash donations
Up to 10% of taxable income of the assessment year
Starting with tax year 2017: automatic report of donations to the tax authorities by the approved institution
Child care costs (special expenses)
Cost paid to institutional organizations or to a pedagogically qualified person
Related child entitles to receipt of Austrian family benefits and is under 10 years old
Maximum amount per year and child: EUR 2,300
Education costs for children attending schools abroad (extraordinary burden)
Lump-sum deduction of EUR 110,- per month
Costs paid to international schools by expatriates are accepted by the tax authorities in most cases

11. Other deductions relevant in practice
Income-related expenses
lump sum of EUR 132,- is automatically considered
higher proven expenses => expenses in regards to the employment which have not been reimbursed by the employer
Examples for deductible income related expenses:
Work tools and devices
Computer
Internet
Cost of basic, further and re-training
Language courses
Works council contributions
Work-related literature
Commuting expenses
Relocation costs
Travel costs – Journey costs
Mileage allowances
Expatriate allowance

12. Investment Growth Premium
Background and Conditions
Introduced in Autumn 2016 and applicable since January 2017
Objective: strengthening of investments in a reluctant business environment
Total grant of EUR 175 Mio for the years 2017 and 2018
Conditions for application:
Individual or corporate entity carrying out commercial activities
Less than 250 employees
Member of the Austrian Chamber of Commerce (or Chamber of Architects and Consulting Engineers)
Subsidiary or Permanent Establishment in Austria
Financial Statements available for the previous 3 years (ie no benefit for start-ups)

13. Investment Growth Premium
Covered Investments
Tangible assets acquired in 2017 or 2018 and used in an Austrian Permanent Establishment
Not possible for cars, real estate, financial investments (and certain other investments)
Premium applies as far as the investments exceed the average investments during the previous 3 fiscal years by EUR 50,000 (less than 50 employees) or by EUR 100,000 (between 50 and 249 employees)
Amount of premium
Less than 50 employees: in general 15% of the investment (minimum investment EUR 50,000 and maximum investment EUR 450,000
Between 50 an 249 employees: in general 10% of the investment (minimum investment EUR 100,000 and maximum investment EUR 750,000)
Application at ‘aws’ or ‘Oesterreichische Hotel- und Tourismusbank GmbH (ÖHT)’ for Tourism Businesses prior to the concrete investment
Calculation of the Premium needs to be certified by an Austrian Tax Advisor or Public Accountant

14. Taxation of foreign investment funds
Avoid ‚wrong‘ investment decisions
‚Semitransparent‘ taxation
Taxation of actual distributions to the shareholder
Taxation of deemed distributed income (interest, dividends, 60% of realized capital gains) also for accumulating funds
Foreign investment funds with a tax representative (tax advisor or bank) in Austria: same tax treatment as Austrian investment funds (‚Reporting‘ funds or ‚Meldefonds‘)
Foreign investment funds without a tax representative in Austria: lump-sum taxation (tax trap!)
Fictitious accrual date:
date the deemed distributed income is published (approx. 4 months after the end of fiscal year of the fund)
funds without a tax representative: December 31 of each year

15. Taxation of foreign investment funds
Avoid ‚wrong‘ investment decisions
Lump-sum taxation applicable to all foreign investment funds without an Austrian tax representative (‚Non-reporting‘ funds, also called ‚black‘ investment funds)
Deemed distributed income calculated with the higher value of
10% of the redemption price at the end of the year, or
90% of the value increase of the fund share during the respective calendar year
Sales of ‚black‘ investment fund shares:
Taxable capital gain if acquired after December 31, 2010
Tax base: sales proceeds minus acquisition cost
Deemed distributed income already taxed can be deducted from the tax base for the capital gain

16. Useful Links Filing of Austrian income tax returns
Some general information for foreign citizens
Homepage of Austrian Ministry of Finance in English
English publications
Further information on Investment Growth Premium

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Deloitte erbringt Dienstleistungen aus den Bereichen Wirtschaftsprüfung, Steuerberatung, Consulting und Financial Advisory für Unternehmen und Institutionen aus allen Wirtschaftszweigen. Mit einem weltweiten Netzwerk von Mitgliedsgesellschaften in mehr als 150 Ländern verbindet Deloitte herausragende Kompetenz mit erstklassigen Leistungen und steht Kunden bei der Bewältigung ihrer komplexen unternehmerischen Herausforderungen zur Seite. „Making an impact that matters" – mehr als Mitarbeiter von Deloitte teilen dieses gemeinsame Verständnis für den Beitrag, den wir als Unternehmen stetig für unsere Klienten, Mitarbeiter und die Gesellschaft erbringen.
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Für weitere Informationen kontaktieren Sie Deloitte Tax Wirtschaftsprüfungs GmbH.
Gesellschaftssitz Wien | Handelsgericht Wien | FN y
© 2017 Deloitte Tax Wirtschaftsprüfungs GmbH

18. Q & A

19. Vienna, 2017 1

20. Medical Problem? Which – Who – When????
You have a medical problem, it may hurt, you feel uncomfortable and you don’t know which specialist is the best for this issue?
And where do I find a professional doctor, fast and prompt, who also takes time for me?
Which – Who – When????

21. The solution - Mediclass

22. Mediclass offers:
For an annual fee, you have access to a top organised network of 60 doctors and therapists, all under one roof at the Mediclass Center in 1020 Vienna (U2 station Krieau); This saves a complicated doctor search and time.
Central Mediclass Telephone Service for Medical Support and administration.
Short term and on time appointments simplify your daily schedule.
Our doctors take time for you and thereby increase the efficiency of therapies.
The premium-health-check boosts your health protection.
Private medicine at sick fund rates
The doctor's fee at sick fund rates is approximately what social security funds reimburse their policyholders. As a complimentary service Mediclass hands in the invoice for customers at the social security for refund.

23. 1 2 3 Mediclass Mediclass HEALTH-Check
The three columns of Mediclass health management 1
Mediclass
specialists and senior consultants
TOP physicians
14 specializations
fast & on time appointments 2
Mediclass HEALTH-Check
Duration 1x lab + 2 h 16 stations eg. Ergo, spine, lung, skin, heart, ENT, lab, consultation 3
Mediclass therapy and alternative medicine
therapies, coaching, homeopathy, burn out, physiotherapy
Optimal medical support
Additional
medical assistance
Prevention 1

24. Optimal healthcare Specializations Alternative medicine and therapies
general medicine
ophthalmology
surgery
dermatology
nutritional medicine
gynecology
ENT
8. internal medicine 9. cardiology 10. pediatrics 11. sports medicine 12. orthopedics 13. urology 14. preventative medicine 15. cooperation's
Alternative medicine and therapies
coaching
dietology
energetic medicine
gait/running analysis
homoeopathy
kinesiology
massage
osteopathy
9. physiotherapy 10. pilates 11. psychotherapy 12. psychology 13. sport mentoring (diagnostic, training) 14. laser therapy 15. micro Immune therapy 16. yoga 1

25. Premium-Health-Check (16 examinations in two hours)
Prevention
Premium-Health-Check
(16 examinations in two hours)
1. anamnesis
2. resting ECG
3. exercise ECG
4. arteries check
5. BMI body mass index
6. BIA body composition
7. spinal screening
8. pulmonary function test
9. Vicardio heart stress measurement 10. skin screening 11. vision screening 12. ENT screening 13. urine test 14. stool examination 15. lab 16. final discussion
Optimale
medizinische
Betreuung
Prävention 1

26. + private doctors at sick fund rates
Membership packages „Classic“ or „Plus“
Package
includes
Price
(incl. VAT)
HEALTH check
+ private doctors at sick fund rates
€ 28,90
per month
Mediclass Classic
+ therapists at
30% discount
€ 38,90
(Monthly rate on an annual basis)

27. Extension to family members / partner
Mediclass members can extend the service of Mediclass to their family members / partners:
25% partner discount*
50% children discount* (2-18 years)
Children between 0-2 years are free
25% discount for students*
*on the private customer price
(€ 28,90/month or € 38,90/month)

28. Corporate Mediclass Membership
Sick days and absenteeism by doctor visits of the staff result in high costs (approx. € per year for 100 employees).
These costs can be reduced to half!
More than 220 companies have already a perfect solution on the subject of health management, reduction of absenteeism costs and employee retention with Mediclass.
For an annual fee (€ 265,- excl. VAT / employee / year),
Mediclass offers
quick and timely medical appointments
and a large Health check.
(Mediclass Classic Package)

29. Contact: Mag. Christoph Sauermann General Manager
Mediclass Gesundheitsclub GmbH
Viertel Zwei Campus
Gebäude Biz 2, 5. Stock
Vorgartenstraße 206 C
A-1020 Wien
Österreich
Telephon +43 (1)
Mobil
Fax +43 (1)

30. Q & A

31. Der Energieeinkaufsprofi für schlaue Unternehmer
The energy purchasing experts
for smart entrepreneurs

32. Our story started in 2001 … liberalized energy market
no advantages for SME
chamber of commerce started a new service
thousands of new members within a few months
savings of millions of euros
best connect established itself as trustworthy

33. Energy market – status quo
new energy suppliers
startups in “gold rush”
subsidiary of traditional energy suppliers (i.e. Wien Energie/Switch)
new pricing models
discount in first year
energy price changes with EEX-Index
new platforms
“tariff calculator” of e-control
initiative of Austrian consumer protection for consumers …
new challenges for entrepeneurs
ongoing market analysis
sharp contract management
deep know-how to compare offers of energy suppliers

34. We believe, …
… that energy costs can only be reduced permanently by using a professional management of energy supply.

35. A unique business model…
negotiating power periodic negotiation for thousands of members
power of attorney
for signing and canceling energy contracts
cost and time saving permanently
delivery of electricity
contract, invoice

36. Advantages of the business model
Cost and time saving permanently
Special rates as for industrial customers
Profitable also with low consumption
Clean energy: hydropower or green electricity

37. Special software and clearly defined processes
comprehensive mapping of all process steps…
automated monitoring of deadlines and termination of contracts
contract management
data preparation for billing process
data preparation for the energy supplier
… enables
support for more than 12,5K customers
passing of 20K bills to account
change of suppliers about 100K times

38. 3 sales channels of customer acquisition
direct sales using structured processes
appointment arrangement by call center
personal consulting on site
multiplier
cooperation with associations
main focus on agrarian associations
online marketing
content marketing
campaigns

39. Cross border expansion and success
best connect Unternehmergemeinschaft GmbH
started in 2001
12,5 K customers
best connect d.o.o.
started in 2012
1,5K customers

40. Professional management of energy supply
ongoing market analysis
monitoring and analyzing developments on the energy stock exchange
free comparison of offers from suppliers
contract management
canceling and closing of energy contracts
ongoing negotiations and renegotiations
deadline monitoring
registration and cancellation of sites
management of meters and bills
invoice check (price, taxes, grid costs…)
regular creation and delivery of reports
for all sites and meters

41. thanks
besten Dank
Der Energieeinkaufsprofi für schlaue Unternehmer

42. Der Energieeinkaufsprofi für schlaue Unternehmer
The energy purchasing expert for smart entrepreneurs
besten Dank
Der Energieeinkaufsprofi für schlaue Unternehmer

43. Q & A

44. SAVE THE DATE Thursday 18th May 2017 at 6 PM
    Irish Business Network / Wirtschaftsuniversität(WU) Executive Academy Joint Event Topic: “The Social and Economic Impact of BREXIT on Britain’s European neighbours”   Speakers: Ambassador Tom Hanney (Irish Ambassador to Austria) Vladimir Vano, (Chief Economist of Sberbank)    Where: Vienna University of Economics and Business, Welthandelsplatz 1, Building EA 1020 Vienna, Austria    Register via: