On 26 February 2018, the Federal Tax Administration (FTA) published Circular Letter 43 concerning the tax treatment of prizes, honours, awards, scholarships and grants in the cultural, sports and scientific sectors.
Kreisschreiben 43 "Steuerliche Behandlung von Preisen, Ehrengeben, Auszeichnungen, Stipendien sowie Förderbeiträgen im Kultur-, Sport- und Wissenschaftsbereich" (1-043-D-2018-d of 26 February 2018) clarifies the tax treatment of the respective benefits and is based on the legal basis as well as on the current case law of the Federal Court.
Tax-exempt benefits are deferred from taxable income on a case-by-case basis using the criteria listed in circular 43.
All circular letters of the FTA can be downloaded here.
