Austria’s new government—consisting of the conservative Austrian people’s party (ÖVP) and the Austrian Green party, led by Chancellor Sebastian Kurz—was inaugurated today, 7 January 2020.
The new government recently published its plans for governing, including its intentions in terms of taxation. Among the tax changes that could be proposed are the following:
Tax professionals note that these possible measures currently only summarize what may be the government’s intentions, and any of these tax changes if introduced would be subject to the Austrian legislative process. Also, it has been observed that the government plan is a five-year plan, and some of the tax measures could be introduced at later stages during the five-year period.
For more information, contact a tax professional with the KPMG member firm in Austria:
Markus Vaishor | +43 1 31332-3652 | firstname.lastname@example.org
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