Austrian parliament adopts legislation on income tax reform

The ESPN Flash Reports are produced by the European Social Policy Network (ESPN) established in 2014 to provide the European Commission with independent information, analysis and expertise on social policies. The topics presented in the Flash Reports are identified by ESPN experts in the light of significant developments in their countries, or in some cases suggested by the Commission.

The ESPN is managed by LISER and APPLICA, with the support of OSE - European Social Observatory. For more information, please visit this website.
On 7 July 2015, the National Assembly of the Austrian parliament adopted the Tax Reform Act 2015/2016. This encompassing reform comprises no less than 43 different measures, of which major changes to income tax is one of the most important. Income tax will be reduced for most taxpayers from 2016. However, the positive impact for low-income households will be rather limited.

Author: Marcel Fink

• Primary Source