Security company Breite: Tax office has to do without over 200,000 euros!

Security company Breite: Tax office has to do without over 200,000 euros!

Frastanz, Österreich - A bankruptcy procedure on the security company "Si Security Austria", founded by Adam Katfaoui (born 1996) from Frastanz, was opened at the end of November 2024. According to Vol.at , the procedure now remains without positive development and ends with a total failure for the believers. This is due to the defective cost recovery, which means that the claimants cannot expect financial compensation.

The bankruptcy proceedings had recognized claims of over 200,000 euros, specifically around 201,000 euros. A total of 15 creditors are affected, of which seven former Katfaoui employees are. In addition, there is no more than half of the claims on the tax office, which now remains on a five -digit sum.

background of bankruptcy

Katfaoui was already involved in a debt regulation process in 2018, which indicates its economically unstable situation. The bankruptcy application was originally made by the Austrian Health Insurance Fund (ÖGK), which illustrates the dimension of the company's financial problems. The company worked in the security industry and the transfer of workers.

Since the open demands of the employees are taken over by the insolvency entertainment fund, they could expect some financial support. The fund is financed by the contributions from the employer and could offer temporary relief. However, the payment of the insolvency fee takes place regardless of the merit of those affected and is taxed with a uniform tax rate, such as "https://www.werkerskammer.at/berrecht/insolvenz/insolVenzentgelt_und_wechtsanlagung.html" Class = "Source_2"> Arbeiterkammer.at

Tax aspects and further information

The final taxation of the insolvency fee is done via the employee assessment. Employees who have received funds from the insolvency fee fund should plan reserves for possible tax payments. The deadlines for the submission of the employee assessment vary depending on the payment time of the insolvency fee and should be taken into account in order to avoid demands.

The last statistics on corporate demography and bankruptcies in Austria shows that bankruptcy applications for various economic sectors have increasingly observed, in particular since the introduction of the European Ordinance on European Company Statistics. Statistics Austria has been creating quarterly data on registrations and insolvencies since the first quarter of 2021 to analyze the economic development.