April 22, 2022
Austria implements new wage tax exemption for profit sharing payments made to employees
Austria’s latest tax changes for 2022 have now been published in the Federal Gazette. Among several ecologically driven changes, there is a new wage-tax exemption for profit share payments to employees. The value of the exemption is up to €3,000 per employee per calendar year and it applies retrospectively for payments from 1 January 2022.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert