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Chartered Accountants – Termination of Voluntary Suspension

General Information

Persons and firms having temporary withdrawn their licence to exercise their chartered accountancy profession on a self-employed basis and intending to resume the self-employed exercise of this profession must report termination of suspension in writing to the competent authority.

The competent authority will issue a written decision prohibiting the resumption of this activity if the necessary requirements are not met.

Requirements

In order to be able to terminate voluntary suspension, the persons concerned must meet the following requirements:

  • Full legal capacity
  • Special trustworthiness
  • Well-ordered finances
  • A pecuniary damage liability insurance
  • Existing office address
  • Proof of fulfilment of the obligation of training during the last two years

Please note

If the licence holder submits to the Austrian Chamber of Tax Advisors and Public Accountants ( Kammer der Steuerberater und Wirtschaftsprüfer) a written declaration that she/he will exercise the chartered accountancy profession only on the basis of salaried employment, she/he will be exempted from having a pecuniary damage liability insurance for the period of such employment.

Deadline

Termination of voluntary suspension must be reported to the Austrian Chamber of Tax Advisors and Public Accountants (Kammer der Steuerberater und Wirtschaftsprüfer) without delay.

Competent Authority

Austrian Chamber of Tax Advisors and Public Accountants (→ KSW)German text

Procedure

The report may be submitted personally or in writing to the competent authority.

Documents Required

Supporting documents concerning the satisfaction of general requirements.

Expenses

Reports are free of charge.

Legal Basis

Section 85 paragraph 4 and 8 of the Wirtschaftstreuhandberufsgesetz (WTBG)

Expert Information

There is no expert information available.

last update: 18 January 2021

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