- Law No. 98 amends multiple Austrian tax and financial laws.
- Introduces an 8% limit for temporary employment services and updates income tax rules for private law foundations.
- Modifies VAT exemptions for residential property and restricts waiver of exemptions.
- Expands financial crime procedures, especially regarding digital data.
- Limits cash payments to 10,000 euros per day and amends vehicle-related consumption tax rules.
- Law takes effect January 1, 2026.
Source: news.bloombergtax.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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