The Federal Cabinet has approved the draft bill from the Federal Ministry of Finance (BMF) on the further development of till records and the fight against tax evasion, as well as the continued digitisation of commercial and tax records.
In a recent ruling the Supreme Tax Court continued to develop its case law on the application of the principles of proportionality and protection of legitimate expectations in the case of estimates by the tax authorities. A full estimate that completely ignores the taxpayer's own profit and loss calculation is only permissible if the deficiencies identified are serious.
