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Posts tagged #Inflation

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Cold Progression Soon to Be (Mostly) Austrian History

Tax Law 

The draft of an Austrian Government bill to abolish cold progression (which is the Austrian tax term for bracket creep) is now on the table. Tax brackets and deductibles are to be automatically adjusted annually — mostly. New 2023 tax brackets For 20...

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Inflation: Higher commuter allowance and lower energy levies

Tax Law 

In order to compensate for increased energy prices, the legislator has decided on a temporary increase of the commuter allowance and a reduction of various energy levies. Commuter allowance and “commuter euro” (Section 124b Z 395 of the Income Tax Ac...

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