Look for:

Our offer for

Research Detail

2021/10/04 / Erste Group Research

Austria - Eco-social tax reform

The Austrian federal government has announced an ‘eco-social tax reform’ and with it extensive relief totaling over EUR 18bn by 2024. The key points are i) relief for low and medium incomes; and ii) a CO2 price as an incentive to reduce climate-damaging behavior in the future.

In addition, the attractiveness of the business location is to be strengthened by reducing corporate income tax from 25% to 24% in 2023 and further to 23% in 2024. A carbon leakage rule is to prevent companies from relocating, a hardship clause for companies with high energy intensity is to be introduced.

All in all, this tax reform is intended to relieve the burden on working people and provide incentives for environmentally friendly behavior. Austria as a business location is to be strengthened in the long term and the debt to GDP ratio is to be gradually reduced after the pandemic.

PDF Download Download PDF (195kB)

General information

AuthorErste Group Research
Date2021/10/04
Languageen
Product nameShort Notes Major Markets
Topic in focusMacro/ Fixed income
Economy in focusAustria
Currency in focusEuro
Sector in focus-
Download



Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer