Austria Lower House Considers Bill to Amend Various Tax Laws (Corrected)

The Austrian lower house of parliament (Nationalrat) May 13 accepted for consideration Bill No. 91 dB, the Budget Restructuring Measures Act 2025 Part II (BSMG 2025 II), to amend various tax laws. The bill includes measures to: 1) increase the corporate income tax rate for private foundations to 27.5 percent from 23 percent for 2026; 2) raise advance payments for private foundations by 5 percent if based on pre-2026 liabilities; 3) increase the real estate transfer tax rate for private foundations to 3.5 percent from 2.5 percent for acquisitions after Dec. 31; 4) authorize inflation-indexed increases and raise administrative and ...