Austria

(i) EUR10 billion for payment deferrals of personal income and corporate income taxes; (ii) 21 May 2020, new fiscal measures including tax relief measures for the hospitality sector of EUR500 million have been released by the Government; (iii) 12 June 2020, Tax deferrals have been extended until 15 January 2021; (iv) To jump-start the economy, a new tax incentive was introduced for companies that recruit apprentices, with EUR2,000 per position created between 16 March and 31 October of this year; (v) 22 February 2021, Tax deferrals have been further extended until June 2021; (vi) 3 June 2021, The government has approved a measure to help with the eventual payment of deferred taxes, by ensuring installment payments with minimum amounts over the first three months for those who need it.

(i) 12 June 2020, Reduced VAT to 5% to support the catering trade, the cultural sector and the publishing sector; (ii) 16 June 2020, reduced the lowest income tax bracket tax level from 25% to 20%. As of 30 July 2020, this was announced to be retroactively applied from 1 January 2020. There will also be a loss carryback, with business losses being offset against profits in 2019 and 2018, so that some of the deferred taxes may not have to be paid back at all; (iii) Increase in rates: 30 June 2020, Increased the top tax rate of 55% for incomes from EUR1 million until 2025; (iv) 20 January 2021, Exemption of FFP2 masks from VAT as well as exemption from alcohol tax in the manufacture of disenfectants; (v) 27 January 2021, Tax deduction for home office equipment, amounting to EUR300 euros for employees, and EUR300 for employers; (vi) As of 15 June 2021, it was announced that tax measures have been extended until the end of the year. This includes loss compensation, as well as other measures previously announced. More details to follow.

(i) No amount/estimate: rent payment deferrals; (ii) No amount/estimate: 13 May 2020, proposed a more simple calculation method to determine monetary subsidies by companies to their employees from their own accounts and from the government's funding. Under the new system, no employee should have any losses; (iii) 20 May 2020, Increased to EUR12 billion (from EUR10 billion on 13 April 2020 and EUR5 billion originally) funds for short-time working, self-employed and funds to finance increased costs of caretaking, etc; (iv) 28 May 2020, Allocated EUR90 million to support freelance artists up to EUR1000 a month; (v) 17 June 2020, Reserved EUR30 million for childcare in the summer from the municipal package; (vi) 26 June 2020, Allocated another EUR30 million to Family Crisis Fund to support low income families, with the amounts to be transferred on 13 July 2020. As of 16 July 2020, this amount has been increased to EUR60 million; (vii) 30 July 2020, an additional bonus of EUR360 per child will be given on 30 September 2020 for each family eligible for family allowance; (viii) 30 July 2020, In order to relieve employees who do not receive taxable income (up to EUR11,000), the traffic tax credit has been increased from a maximum of EUR300 to a maximum of EUR400. This covers commuting expenses from work to home. As of 21 January 2021, this has been extended; (ix) 30 July 2020, The SV reimbursement (for social securtiy contributions) will also be increased from EUR300 to EUR400. This applies from the assessment for the calendar year 2020; (x) EUR124.7 million was approved to relieve operators (EUR115.7 million, reflected in 5B4) and passengers (EUR9 million) of costs related to the operation and use of the railway network; (xi) As of 21 January 2021, The SVS bridging funding and the COVID-19 fund of the artists' social insurance fund will be extended until the end of June. These measures are estimated to provide up to EUR160 million (EUR120 million and EUR40 million respectively) by that period. In addition, a "lockdown bonus" of 1000 euros was created for January and February 2021; (xii) 24 February 2021, EUR150 million for families amidst the COVID-19 pandemic, which includes topping up and extending the family hardship fund until the end of June 2021 as well as a special family allowance for families who received family allowance for at least one month last year. As of 15 June 2021, the hardship fund was again extended by 3 months until September 2021.

(i) EUR15 billion emergency funds for hard-hit industries to provide direct liquidity provisions and subsidies for running costs. On 27 April 2020, expanded Phase 2 of the hardship fund, through which SMEs may request up to 6000 Euros from the government. As of 22 September 2020, the total budget for this measure has been increased to EUR19 billion. As of 20 January 2021, this measure has been extended. While no details on the amount have been provided, it was announced that this measure would be available until March 2021; (ii) Support to non-profit organizations in the form of subsidies totalling EUR700 million; (iii) No amount/estimate: 21 May 2020, Applications for the fixed subsidy have already started, with the first payments being disbursed by end of May. The Ministry of Finance will reimburse up to 75% of a company's fixed costs for up to 3 months. 16 June 2020, extended Austria's fixed cost subsidy; (iv) 27 May 2020, increase in the minimum payment amount of the hardship fund to EUR500, and added another EUR500 comeback bonus, dedicated to entrepreneurs having hardships during the pandemic; (v) 6 August 2020, another EUR665 million Austrian scheme to support non-profit organisations (NPOs) and their related entities in the context of the coronavirus outbreak; (vi) 24 August 2020, Extended the fixed cost subsidy for businesses, doubled the length of time it can be received and reduced application requirements. As of 3 September 2020, the rate has also been increased to 100% (versus 75% in the initial version); (vii) 25 November 2020, The European Commission approved an Austrian government scheme providing EUR150.7 million in direct grants to the rail freight sector as support in light of difficulties caused by the coronavirus pandemic. Further, an additional EUR124.7 million was approved to relieve operators (EUR115.7 million) and passengers (EUR9 million, reflected in 5B3) of costs related to the operation and use of the railway network; (viii) 26 November 2020, EUR12 billion in total across two schemes approved by the European Commission (Fixkostenzuschuss Phase I and II), to compensate companies for damages and fixed costs due to the coronavirus; (ix) 20 January 2021, The Austrian Government has announced that it will extend its economic support to businesses until June. They have also announced a “loss bonus”, where any company with a loss of more than 40% in sales can apply for up to EUR60,000 per month; (x) 4 February 2021, a EUR300 million Austrian scheme to support organisers of events affected by coronavirus outbreak has been approved by the European Commission for package travel organisers and facilitators of linked travel services to ensure that sufficient resources are available to refund consumers for cancelled travel services should package travel organisers or facilitators become insolvent.

(i) 25 May 2020, EUR1 billion in grants from the federal government to municipalities, geared towards support for infrastructure investment (e.g. schools, public transportation, energy production); (ii) EUR1.222 billion as part of the NextGen EU Program by the European Commission and Government of Austria, including measures such as funding for education and access to digital tools and technologies, as well as funding for digital connectivity; (iii) EUR1.076 billion as part of the NextGen EU Program by the European Commission and Government of Austria, geared towards measures such as energy technologies, emission-free transport, and circular economies.

(i) 16 June 2020, fiscal package was increased by EUR12 billion to include stimulus measures, including investment in climate protection, affordable housing, digitalisation and a one-off support for unemployed and families. Several specific tax relief measures are aimed at the agricultural and forestry sectors, culture and publishing.

(i) EUR3.5 billion in grants from the European Commission as part of the NextGeneration EU Program, with spending reflected in the sub-measures under Measure 5.