The Austrian Government has set up a working group for tax reform, with a view to submit reform recommendations by the end of 2014. The specific reform objectives have already been set out in the coalition agreement, and the planned reforms will reduce the tax burden, lower the basic rate of income tax to about 25%, and to harmonize and simplify the tax system. Other reforms envisaged include tightening of the group tax regime, a repeal the tax break for “golden handshakes,” introduction of a new model for the consumption tax, and to modify the profit allowance for self-employed workers.. The working group will also provide oversight to the provisional budget for 2014, which for several tax rises, and for the reintroduction of a sparkling wine tax.
India-Albania: New DTA enters into force
Canada and Taiwan: DTA negotiations
Related Posts
Austria: Council of Ministers approves amending protocol negotiations with Malta
Austria’s Council of Ministers approved, on 11 March 2026, the start of negotiations for an amending protocol to the 1978 income and capital tax treaty with Malta. The new protocol is being negotiated to fix a tax issue for aviation staff and
Read MoreAustria consults on reduced VAT for staple foods
Austria’s Ministry of Finance has opened a public consultation on 11 March 2026 on a draft bill that would cut the value-added tax (VAT) on selected staple foods from 10% to 4.9%. The reduction is part of the government’s 2026 reform measures
Read MoreAustria issues guidelines for minimum tax report filing
Austria has published the Ordinance titled “Regulation of the Federal Minister of Finance on implementing provisions for the Minimum Taxation Act (MinBestG Implementing Regulation)” on 30 December 2025. This regulation establishes the
Read MoreAustria promulgates CARF MCAA crypto-asset information exchange
Austria has issued an official promulgation notice concerning the Multilateral Competent Authority Agreement on Automatic Exchange of Information pursuant to the Crypto-Asset Reporting Framework (CARF MCAA) on 29 January 2026. Under the
Read MoreAustria gazettes law on GloBE information exchange
Austria has gazetted Law No. 17/2026 on 29 January 2026, giving effect to the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA). The agreement, originally signed by
Read MoreAustria gazettes multilateral tax agreements on GloBE, crypto-assets
Austria has published two multilateral agreements in its Official Gazette to strengthen international tax reporting on 29 January 2026. Law No. 17/2026 introduces the Global Anti-Base Erosion (GloBE) Information Returns Agreement (GIR MCAA),
Read More