Research premium: 14 % of expenditure; as of 2012 an expert report of the Austrian Research Promotion Agency (FFG) is necessary
Contract research: the client has a premium of 14 % of a maximum of EUR 1 million, as far as contractor does not apply for premium
Income tax concessions, e.g.
monthly gross income up to approx. EUR 13,200, from then gradually increase up to 55%.
Certain profits: half personal income tax rate e.g. for the sale of a business unit in case of termination of business activities or gains spread over 3 years;
Capital income withholding tax: 25% (e.g. cash deposits with a financial institution) or 27.5 % (e.g. capital gains, dividends, or cryptoassets)
Tax on profits generated by real estate transactions: 30%
Tax credits
Adjusted to the level of inflation
Family Bonus Plus:
- until the children’s age of 18: EUR 2,000 pa.;
- as of the children’s age of 18: EUR 650 pa;
Children surplus:
EUR 700 per child and year
Sole earner deduction pa.:
EUR 571.48 for one child;
EUR 773.70 for two children
for each additional child + EUR 254.97
Single parent deduction pa.:
EUR 571.48 for one child;
EUR 773.70 for two children
for each additional child + EUR 254.97
Child deduction:
EUR 67.78 / month for each child who is living in the EU/EEA or in Switzerland
Alimony deduction:
EUR 34.07 / month for the first child
EUR 51.65 / month for the second child
EUR 68.14 / month for each additional child if the child is living in the EU/EEA or in Switzerland.
If in employment / pension income p.a.:
Transportation deduction up to EUR 1,549.59
Retirement deduction up to EUR 1,404.52
Allowances and exemptions
Profit allowance:
Investment-related profit allowance of up to 13% of taxable profits over EUR 33,000 (except for gains on disposal); reduction of profit allowance for profits between TEUR 175 and TEUR 580, i.e. max. profit allowance
EUR 46,400 per year; basic allowance of EUR 4,950 for profits up to EUR 33,000 per year for all trade and business income (in case of lump sum option only basic allowance)
Investment allowance:
For certain depreciable fixed assets; acquisition/production after December 31, 2022. Basically, 10% of the acquisition or production costs or 15% if the assets are in the area of greening.
Cap: for acquisition or production costs of not more than EUR 1 million per business year.
Requirements: operating income, determination of profit by balance sheet or full receipts and payments accounting (cash basis accounting).
Unless exceptions apply.
Subsidies for electro-mobility: the acquisition of electric cars, loading facilities etc. is subsidised.
