- Austria has launched a public consultation on a 2026 tax reform package to improve tax fairness, fight fraud, reduce worker tax burdens, and simplify procedures.
- The draft law proposes changes to income tax, VAT, financial crime rules, fees, and account registry regulations.
- Key measures include expanded asset disposal definitions, new reporting requirements, increased tax-free allowances, and a tax-free employee bonus.
- The reform strengthens anti-fraud powers, introduces new fees for residence permits, and enhances oversight of account registries.
- The consultation is open until 8 May 2026.
Source: regfollower.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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