Austria Gazettes Budget Accompanying Act 2025

The Austrian Official Gazette June 30 published Law No. 25, the Budget Accompanying Act 2025. The law includes measures: 1) imposing a 30 percent surcharge on profits from the sale of rezoned land after Dec. 31, 2024, not exceeding the sale proceeds; 2) expanding the lump-sum deduction for assessment years 2025 and 2026, with an annual revenue threshold increase to 320,000 euros (US$377,208) from 220,000 euros (US$259,330), and a lump-sum business expense rate increase to 13.5 percent from 12 percent; 3) increasing the commuter allowance to 6 euros (US$7) from 2 euros (US$2), as well as the maximum refund for ...