The many discussed savings have now been brought into the laws. There are lighting for commuters and companies, but the Minister of Finance retains the last third of the cold progression. In general, the measures are good for a volume of 76 million euros for this year. In the coming year they will already bring 696 million.
The majority of the measures are already known from the coalition pact, but it is adjusted in some places. The valorization of the amount of the child deduction will be suspended in the next two years. The third of the cold progression that remains with the Minister of Finance is even retained the entire legislative period. Finance Minister Markus Marterbauer, who met a lot of interest among people when the Spö marched on 1 May, underlines “tax justice”. He points out that relief has also been set.
Compensation for climate bonus for commuters
The Commuterurro, for example, tripled to six euros per kilometer. This should serve as a fee for the abolition of the climate bonus. The negative allowance for commuters is also increased. Moreover, the sales tax exemption for women’s hygiene articles and contraceptives has already been announced. In addition, a tax -free employee premium of a maximum of 1000 euros must be made possible this year. This should also exist in the coming year, although the amount is still open for budgetary reasons. Companies are relieved by increasing basic power – this year from 220,000 to 320,000 euros.
With a further change in the law, gambling tax for lotteries is increased from 16 to 17.5 percent, the concession and gambling tax for electronic lotteries (online happiness) must be increased from 40 to 45 percent. A reciprocity is also introduced. In particular, the positive (operational and extra -company) income from the sale of converted land must be added to a recovery allowance. This would be 30 percent and will be paid as part of the income tax of real estate.
Correct mix or “ruthless cuts”?
Minister of Finance Markus Marterbauer (Spö) emphasized in a broadcast that the tax justice is preserved in assessment without weakening tax justice. Moreover, the government is based on targeted auxiliary measures. State Secretary Barbara Eibinger-Miedl (ÖVP) said that on the way to a balanced budget a mix of initiatives is needed. With the auxiliary steps, the first steps for strengthening the business location are now also taken.
The greens were not very enthusiastic about the tax package. Spokesperson for the Jakob Schwarz budget saw “ruthless” cuts in the “completely wrong place”.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
