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How the discount is calculated

Under Section 14 of the Austrian Valuation Act (BewG), capital receivables and debts that carry no interest or only low interest are valued below their nominal amount. That means a discount has to be calculated. Since the 2003 Budget Accompanying Act, this is no longer done on a straight-line basis but with a set mathematical formula, laid down in the Ministry of Finance’s decree of 17 December 2003.

The Ministry of Finance offers a free calculator for this. Your result is only as accurate as the figures you enter, and there’s a help text for every field. Please bear in mind that only the assessment from your tax office is legally binding.

Open the calculator (Section 14 BewG)

Ministry of Finance decree of 17 December 2003 (PDF, German)

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