New developments in the valuation of benefits in kind: Interest savings – modifications of the valuation of benefits in kind as of 1 January 2024
The amendment to the Austrian Ordinance on the Valuation of Certain Benefits in Kind regarding interest savings includes new provisions on salary advances and employer loans bearing no or low interest. Interest savings on salary advances and employer loans As of 1 January 2024 new methods for calculating interest savings on salary advances and […]
New developments in the valuation of benefits in kind: Electric vehicles / Charging devices
The amendment to the Austrian Ordinance on the Valuation of Certain Benefits in Kind to deal with electric vehicles includes clarifications regarding the allocation of charging quantities and the calculation of benefits in kind for leased charging devices: Amended with retroactive effect as of 1 January 2023: Charging of zero-emission vehicles If a company-owned electric vehicle […]
Cross-border teleworking – Current state of affairs
Teleworking has become an integral part of today’s working life. Employers are facing the task of determining in advance the consequences of teleworking at a foreign place of residence regarding social security law. As of 1 July 2023, EU Regulation No. 883/2004 and the recently ratified Multilateral Framework Agreement apply to cross-border teleworking. […]
Increase of commuter allowance and “commuter euro” ends
The increase of the commuter allowance and the “commuter euro” was limited to the period from May 2022 to June 2023. The Austrian Government is currently not planning an extension and therefore, increased commuter subsidies can be used for the last time for June 2023. Thus, as of July 2023, the old values pursuant to […]
Young, innovative and growing start-up companies often do not dispose of the necessary financial means to be able to offer monetary incentives to committed employees. The possibility of granting company shares to employees through employee share purchase plans is not particularly profitable given the current legal situation, since employees have to pay income tax when […]
Reduction of the employer’s contribution to the Austrian Family Burden Equalization Fund adopted as a further measure to cushion the price increase. Date of application The employer’s contribution will be reduced from previously 3.9% to 3.7% starting from the calendar year 2025. It is possible to reduce the employer’s contribution already in the years 2023 […]
As part of the inflation relief packages, a contribution-exempt and tax-exempt inflation bonus has been introduced for employees subject to wage tax obligations. The inflation bonus does not incur wage tax, social security contributions, severance fund contributions, or non-wage labour costs (employer contribution to the family allowance fund (DB), surcharge to the employer contribution (DZ), […]
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 […]
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? […]
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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