Austria Sees Rise in Tobacco Tax Revenue
The country’s tobacco tax revenues totalled €2.8 billion, including VAT, last year, contributing over 2% to the national budget.
Authorities Uncover Major Fake Charity Tax Scheme
Authorities believe the two masterminds sold hundreds of fake non-profit associations to buyers, allowing them to avoid paying taxes.
Vienna Postpones Tax on Empty Flats
The purpose of the tax is to discourage owners of multiple flats or houses from leaving them empty and to return them to the market.
Chancellor Promises Tax Cuts if Re-Elected
Karl Nehammer has unveiled plans to lower the basic tax rate from 20% to 15% and abolish the 48% tax bracket for higher earners.
Majority of Austrian Citizens Oppose Inheritance Tax
The survey also indicates that 36% of respondents believe they and their families would be impacted by such a tax.
Illegal Employment Uncovered in Vienna Hotels
The operation targeted foreign staff and resulted in fines totalling €68,000, in addition to the immediate recovery of over €43,000 in overdue taxes.
Austria to Break EU Budget Rules, Think Tank Predicts
The Institute of Advanced Studies predicts that Austria’s government deficit will reach 3.0% of gross domestic product (GDP) in 2024, exceeding the official EU threshold.