1. Is there a specific legislation issued for the taxation of crypto-assets or do general national tax law principles apply because the tax legislator has not regulated this so far? There is specific...

CMS Tax News | March 2024

1. Has there been a formal indication of the intention to implement Pillar Two/GloBE rules? Yes. 2. What is the implementation status of Pillar Two/GloBE rules? The draft bill (Be­gutach­tung­sent­wurf)...

CMS Tax News | November 2023

Introduction The substance of foreign companies is more and more questioned and/or audited by Austrian tax authorities. This is especially true following the development of anti-abuse rules, measures...

CMS Tax News | May 2023

CMS Employment Snack 

Apleona acquires Siemens Ge­bäu­de­m­an­age­ment und -Services (SGS). CMS Vienna provides comprehensive legal support to Siemens Aus­tria.   Siemens Austria has agreed to sell Siemens Ge­bäu­de­m­an­age­ment & -Services G.m.b.H. (SGS) to Apleona. The closing of the transaction is expected in the third quarter of the financial year and is subject to customary antitrust approvals. Both companies have maintained a good and close relationship for years. SGS will be further strengthened by joining forces with Apleona, resulting in an expanded and improved range of ser­vices.   Siemens Austria is being legally advised and supported by the Viennese law firm CMS Reich-Rohrwig Hainz under the leadership of Alexander Rakosi, partner in the Corporate/M&A department. The core CMS team further consists of M&A experts Florian Mayer, Marie-Christine Lidl, Anna Hiegelsperger and Matthias Emich. Sibylle Novak and Alexander Hiermann deal with tax law issues, Andrea Potz, and Jens Winter assist on labour law topics and Bernt Elsner and Marlene Wim­mer-Nistel­ber­ger advise on competition law. Additional support during the course of the transaction came from Daniela Karollus-Bruner, Robert Keisler, Dieter Zandler and Clemens Gross­may­er.   Al­ex­an­der Rakosi is pleased with the successful deal signing: “We are proud to be able to support Siemens on this project with a cross-de­part­ment­al team and contribute to further entrenching Siemens as a focused technology company in Aus­tria.”   Siemens Ge­bäu­de­m­an­age­ment & -Services ¬G.m.b.H., based in Vienna, is a successful man­u­fac­turer-in­de­pend­ent full-service provider in the technical building¬ management¬ sector with around 260 employees. Its customers include institutions from the health care, culture and education, trade and logistics sectors, as well as renowned commercial enterprises. In the last business year, it achieved a turnover of around 75 million euros.

Published on CEE Legal Matters | February 23, 2022 CMS has advised Greiner on the sale of its extrusion division, including operational assets in Austria and the Czech Republic, to Nimbus. KPMG Legal advised Nimbus. Greiner is an Austrian plastics and foam specialist company.

Shortly before the beginning of the year, CMS Austria supported the Austrian plastics and foam specialist Greiner AG on the successful sale of its extrusion division, including the associated operational real estate in Nußbach, Upper Austria, and Trhové Sviny, Czech Republic. On 21 December 2021, the German Federal Cartel Office approved the sale of the Austrian- based Greiner Extrusion Group (GEG) to the Dutch-German investment company Nimbus – the majority owner, amongst other things, of bat­ten­feld-cin­cin­nati, one of CEG’s competitors with subsidiaries in Germany, Austria, the USA and China. The now affiliated companies intend to exploit synergies in purchasing, at least. Otherwise, both entities will remain independent companies with their organisational structures and market presence. As part of the transaction, the experts of the CMS advisory team, led by Alexander Rakosi, Florian Mayer and Anna Hiegelsperger, had to navigate numerous complex legal topics on trans­ac­tion-re­lated aspects as well as in the areas of real estate law and an­ti­trust/com­pet­i­tion law. The internationally experienced team of experts at CMS Austria also included Dieter Zandler (antitrust law), Vanessa Horaceck (competition law), Hans Lederer (trademark law), Johannes Hysek (real estate law), Mariella Kapoun (real estate), Sibylle Novak (international tax law), Thomas Aspalter (tax law), Cornelia Kreuth (M&A), Christoph Birner (financing) and Alexandros Hantasch (corporate trans­ac­tions). In addition, the Austrian advisory team was also supported by colleagues from other CMS offices. The international CMS team consisted of Stepan Havranek (CZ), Eva Bryndova (CZ), Michael Munzinger (PRC), Lei Shi (PRC), Dipesh Santilale (UK), Sabby Kenzie (UK), Margaux Deuchler (F), Thomas Hains (F), Blazej Zagorski (PL) and Marta Osowska-Buba (PL). Lead partner Alexander Rakosi happily notes: “International transactions bring multi-faceted challenges. We are glad to have been able to provide comprehensive legal advice to the Greiner Group from project kick-off to its successful closing across all countries.”

1. Has your country ratified the Paris Agreement?  Yes, 5 October 2016. 2. Has your country introduced environmental taxes? 2.1 Energy taxes Mineral oil tax (Min­er­alöl­steuer): Mineral oil produced...

The internationally active specialist in recycling and packaging solutions ALPLA is adding to its already broad product portfolio. ALPLA was advised by CMS again on its recent acquisition of Wolf Plastics Group.