Taxes
Taxes Rising, Deficit Growing: Austria Faces EU Criminal Proceedings
Austria is threatened with EU deficit proceedings - at 4.7 percent of GDP, the budget deficit is well above the Maastricht limit. To counteract this, the federal government is taking the first noticeable steps - above all, tax increases on tobacco, betting, e-vehicles, and court fees. However, experts warn that the road to budget consolidation is rocky and politically explosive.
April 1, 2025
Financial Police Operations at the Hahnenkamm Race Lead to Significant Fines
The annual Hahnenkamm race in Kitzbühel is not only a major sporting event but also a key economic driver for the region. Alongside the excitement on the slopes, Austrian authorities carry out strict regulatory checks to ensure compliance with tax and labor laws. This year, the Financial Police, part of the Office for Fraud Prevention, conducted extensive inspections targeting various businesses involved in the event.
February 23, 2025
New Second Home Tax in Vienna in 2025
Vienna is implementing new measures to regulate second homes. From 2025, an annual tax will be introduced for people who have a secondary residence in Vienna but do not have their main residence there.
December 21, 2023
Austria's National Budget: EUR 22.5 Billion Deficit
The Covid-19 crisis has severely impacted Austria's economy and national budget. The Ministry of Finance has issued its financial results for the year 2020, which shows a deficit of EUR 22.5 billion. Higher expenditures for measures in connection with Covid-19 and a decrease in public levies are the main reasons for the bad results.
February 3, 2021
Corona Package of EUR 500 Mio to Relief the Catering Industry
The Austrian coalition government today introduced a bill in the National Council that specifies the tax relief for the catering and restaurant industry. The tax on sparkling wine will fall and the value added tax on non-alcoholic beverages will be reduced.
May 13, 2020
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