Austria - Tax Reform 2015/2016
- Karin Spindler-Simader
- European Taxation, 2015 (Volume 55), No 10
- 17 September 2015
This note outlines the details of Austria’s recent tax reform, which includes significant changes to, inter alia, the tax brackets, employee benefit exemptions and deductions, depreciation rates for immovable property, loss utilization limitations, the taxation of shareholder contribution repayments and the capital gains tax rate. In addition, the reform includes a preferential tax regime for incoming scientists and researchers, certain measures against tax fraud and a reform of real estate transfer taxes.