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Eisenberger + Herzog, working with Allen & Overy Germany, has advised the Riverside Company on the acquisition of GFP Handels by its portfolio company Toolport. V. Keussler Rechtsanwalte and GDB Rechtsanwalte reportedly advised the seller.

The pioneering Austrian legislator is breaking new ground in the area of crypto taxation. Income from cryptocurrencies will no longer be taxed progressively, at up to 55% for individuals, but at a flat rate of 27.5% withholding tax. With these rules, the Austrian legislator has brought clarity to the taxation of crypto assets for the first time and has responded to the increased practical relevance of cryptocurrencies and the need to tax them in line with securities. The previous taxation of crypto assets was mainly based on non-binding information from the homepage of the Austrian Ministry of Finance.

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