Austria Gazettes Tax Amendment Act 2025

The Austrian Official Gazette Dec. 23 published Law No. 97, the Tax Amendment Act 2025, amending various tax laws. The law includes measures: 1) increasing tax brackets and allowances, and clarifying the treatment of travel expense allowances and the reporting of various incomes; 2) implementing EU directives on global minimum taxation and introducing new reporting and information exchange requirements for multinational groups; 3) mandating electronic filing and digitalization for property transfer, fee, and tax procedures; 4) updating the reporting and calculation procedures for VAT on various goods and services; 5) extending deadlines for data retention and reporting; and 6) updating ...