- Austria has implemented tax reforms for SMEs effective 2025 to reduce tax burden and modernize the system.
- Corporate Income Tax rate reduced from 25 percent to 23 percent to encourage investment and business expansion.
- VAT exemption threshold for small businesses increased to 55000 euros, benefiting micro-enterprises and self-employed individuals.
- Simplified invoicing requirements introduced to reduce administrative procedures for small businesses.
- New support package for SMEs includes increased standard deduction and NoVA tax exemption for light commercial vehicles.
- Reforms aim to create a favorable investment environment and promote entrepreneurship in Austria.
Source: auxadi.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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