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| Austria | Draft Bill 2217 was submitted to the Austrian Parliament on 27 September 2023. With an expected effective date of 1 January 2024, the drafted amendments would impact the first four income tax brackets as follows:
Income tax bracket: less than EUR 12,816: tax rate: 0%
Income tax bracket: between EUR 12,816–EUR 20,818: tax rate: 20%
Income tax bracket: between EUR 20,818–EUR 34,513: tax rate: 30%
Income tax bracket: between EUR 34,513–EUR 66,612: tax rate: 40%
Further, the proposed measures include the following:
– bonuses for work on Sundays, holidays and at night would be tax-exempt up to a maximum amount of EUR 400 (increased from EUR 360) per month
– the tax-free amount relating to remuneration paid in connection with the first ten hours of overtime per month would be increased to EUR 120 (from EUR 86 currently); the cap value is set at EUR 200 on the first 18 hours of overtime per month for the calendar years 2024 and 2025
– the home office regulation would be extended indefinitely
– various deductions for personal income tax purposes would |
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Web page updated on 17 Mar 2025 15:27