Austria's Ministry of Finance issued a release on 26 June 2020 regarding the Economic Stimulus Act, which includes measures in response to the COVID-19 pandemic. --- Economic Stimulus Act: easing the burden, enabling investment Finance Minister Blümel: declining-balance depreciation possible from 1 July, tax deferrals automatically extended until 15 January 2021, first tier of wage and income tax retroactively reduced to 20%. "Coronavirus has thrown many countries off track. The €50 billion package is designed to put Austria back on track", said Finance Minister Gernot Blümel at the press conference on the end of the review of the comeback package....