Austria Gazettes Laws on Tax Measures Accompanying 2024 Budget

The Austrian Official Gazette Dec. 22 published Law Nos. 152 and 153, implementing tax measures accompanying the 2024 budget. The laws include measures: 1) increasing the annual limit for payroll tax liability to 13,981 euros (US$15,397) from 12,756 euros (US$14,048), and increasing deductions by 9.9 percent; 2) temporarily expanding monthly tax-free overtime hours to 18 hours from 10 hours, increasing the profit allowance, and extending home office regulations; 3) temporarily exempting small photovoltaic systems from sales tax and amending provisions to apply tax benefits to specific installations; 4) expanding tax incentives for company childcare and increasing employer subsidies to 2,000 ...