Tax news Austria 2024

The third tax bracket of the personal income tax rate was reduced from 42 % to 40 % as of 1 July 2023. The limit for the basic tax-free allowance (as part of the profit allowance) was increased to € 33,000.00. The child allowance (Kindermehrbetrag) was increased from € 550.00 to € 700.00 and the eligibility requirements were adjusted. The monthly amount of the Family Bonus Plus for adult children was increased from € 54.18 to € 58.34.

Tax news Austria 2024 >