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Tax concessions

Tax concessions

Last reviewed 29 Mar 2023

Direct

Indirect

Income tax concessions, e.g.

N/A

Tax credits

Family Bonus Plus:

N/A

Children surplus:

N/A

Sole earner deduction pa.:

N/A

Single parent deduction pa.:

N/A

Child deduction:

N/A

Alimony deduction:

N/A

if in employment / pension income p.a.:

N/A

Allowances and exemptions

Profit allowance:

The newly established legal entity performing an activity in economically underdeveloped municipalities is enabled to reduce corporate
income tax and Tax on Income of Natural Persons in the first eight years in the amount of 100 %. The total amount of tax exemption for a period of eight years may not exceed EUR 200.000.
Investment allowance:
N/A

Government subsidies

If the sick leave lasts longer than 60 days, the employer may claim reimbursement from the Fund, but only in the amount of 70% of the salary compensation, subject to submission of the required documentation.

Pregnancy and parental related subsidies:

Salary Reimbursement Rates (based on continuous prior employment):

- 12+ months: 100% of gross salary reimbursed

- 6–12 months: 70% of gross salary reimbursed

- 3–6 months: 50% of gross salary reimbursed

Up to 3 months: 30% of gross salary reimbursed

When a pregnant employee goes on sick leave based on a medical certificate, the employer is entitled to reimbursement in the amount of 100% of the gross salary.
The basis for reimbursement is the average salary over the 12 months preceding the start of the sick leave.

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1100 Vienna

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