Austria MOF Announces Tax Relief Measures for 2025

The Austrian Federal Ministry of Finance July 4 announced various measures to provide tax relief in 2025. The announcement includes: 1) an increase in the individual income tax bracket threshold by 4 percent, except for the top bracket; 2) a full adjustment of deductions, relevant income, and phasing-in limits to the inflation rate; 3) an increased tax credit of 60 euros (US$65) per month and per child for single earners or employed single parents with low income; 4) an increase in the small business revenue threshold limit to 55,000 euros (US$59,516) for the purposes of sales tax and income tax; ...