Input tax refund in the EU and third country
If Austrian entrepreneurs who are entitled to deduct input tax in Austria pay invoices for their business abroad, the entrepreneur must pay the gross amount, i.e. including foreign VAT. This often concerns hotel bills, petrol or restaurant bills in the context of business trips. However, the VAT paid can be refunded afterwards – under certain […]
The 2022 Employee Tax Assessment
At the beginning of the year, a lot of employees face a challenge when it comes to the Employee Tax Assessment. Many do not do it because they simply do not know what to transmit. Others have the opinion that they will not get something out of it and so it is not worth their […]
The 2022 Employee Tax Assessment
At the beginning of the year, a lot of employees face a challenge when it comes to the Employee Tax Assessment. Many do not do it because they simply do not know what to transmit. Others have the opinion that they will not get something out of it and so it is not worth their […]
Charging company e-cars & bikes
In deviation from the first draft of the new ordinance on benefit in kind-values („Sachbezugswerte-Verordnung“), reimbursements by the employer for charging will not remain unlimited tax-free. Instead, the following rules apply to the charging of emission-free company vehicles: A benefit in kind value of 0 Euro is to be applied if the vehicle is charged at […]
New Tax Exemptions Starting 2023 from the “Benefits in Kind Directive”
The hot of the press 2023 draft Version of the “Benefits in Kind Remuneration Directive” designed for further tax exemptions for “Benefits in Kind” for Electric Cars and E-Bikes is already at play beginning in 2023. For the usage of company E-Car or E-Bike: The employer’s reimbursement cost for charging always remains tax-free, also when one charges it […]
The end of the “Cold Progression” is set
The “Cost of Living Relief Package II” has already been enacted by the parliament. Thereby, an automatic inflation adjustment of the substantial component elements in income taxation takes place starting in 2023. The two lowest-income tax brackets were increased by 6.3 %, while the rest by 3.47 % (These are two-thirds of the Inflation rate […]
Small Business Flat Rate – Optimize your Income Tax
Since 2020 a flat rate in income tax can be availed by a small business as long as the yearly net turnover is not more than € 35,000. Beginning in 2023, the turnover limit will be increased to € 40,000. This form of a flat rate is available for businesses with income from self-employed work […]
Employee tax assessment 2021
More than 1.7 billion euros in wage tax are refunded every year. Don’t do without it! Even though the benefits of the eco-social tax reform will not be properly applied until the assessment for the year 2022, it is worthwhile to make use of all possibilities to get money back from the tax office this […]
Income Tax and VAT Reforms: The Key Points of the Tax Amendment Act 2022
At the beginning of the month, the National Council enacted the Tax Amendment Act 2022. Here’s an overview of the Income Tax and VAT Reforms: Income derived by a business enterprise from the supply of electric energy to the power grid out of the Photovoltaic Installation is subject to income tax (with a nontaxable assessment amount of […]
Employee tax assessment 2021
More than 1.7 billion euros in wage tax are refunded every year. Don’t do without it! Even though the benefits of the eco-social tax reform will not be properly applied until the assessment for the year 2022, it is worthwhile to make use of all possibilities to get money back from the tax office this […]