Company parking spaces: Still free of charge, or will fees soon apply?

The extension of the parking space management scheme in Vienna means that employees may face additional costs from March 2022 as a result of the recognition of a benefit in kind for company parking spaces that were previously free of charge.   What will change In only a few days time, from 1 March 2022, the […]

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Tax-free profit participations for employees

On 20 January 2022, the Austrian parliament approved tax-free profit participations for employees as part of the eco-social tax reform. If the legislation is passed, the measure will already apply to payments made in 2022. Many employers will be asking the following question: How can we make use of the tax benefit within existing bonus models? […]

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Covid Bonus 2021

On 16 December 2021, the Austrian National Council (lower house of parliament) approved not only tax-free Christmas vouchers of up to EUR 365 p.a., but also tax-free COVID-19 bonuses for 2021. (When the legislation will enter into force has not yet been announced).   Below we provide an overview of the most relevant questions:   What is […]

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