Austria Gazettes Law Amending Income Tax Act

The Austrian Official Gazette Feb. 18 published Law No. 4, amending Income Tax Act 1988. The law includes measures: 1) exempting bonuses for the first 15 hours of overtime monthly, capped at 50 percent of the basic wage and 170 euros (US$200), for pay periods starting after Dec. 31, 2025, and ending before Jan. 1, 2027; 2) exempting dirt, hardship, and hazard allowances, surcharges for Sunday, public holidays, night work, as well as holiday pay and related bonuses, capped at 400 euros (US$471) monthly, from payroll periods ending after Dec. 31, 2025; 3) requiring employers to recalculate the exemptions by ...