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Austria Increases Individual Income Tax Brackets, Deductions, Credits, and Benefits for Inflation

03 November 2022

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Approved Changes

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Austria

Austria published the Federal law: Inflation relief package part II in the Official Gazette on 27 October 2022. Some of the key provisions of the law provide for an increase in the individual income tax bracket thresholds as follows for the 2023 calendar year: The first bracket, EUR 11,000, is increased to EUR 11,693 The second bracket, EUR 18,000, is increased to EUR 19,134 The third bracket, EUR 31,000, is increased to EUR 32,075 The fourth bracket, EUR 60,000, is increased to EUR 62,080 The fifth bracket, EUR 90,000, is increased to EUR 93,210 The top bracket threshold, EUR 1,000,000,...