Austria Announces Tax Reform Plans Including Corporate Tax Rate Cut
Austria's Ministry of Finance has announced its "Relief Austria" tax reform plans, which includes tax relief for companies to promote growth and investment. One of the core measures of the plan is a reduction in the corporate tax rate from 25% to 23% in 2022 and to 21% in 2023. Other planned measures include:
- An increase in the basic tax-free allowance for individual entrepreneurs and partne…