Changes in the Income Tax Act from 2008 onwards

Tax-free allowance for invested profits (§ 10 EStG)

:: Preventing post-tax reimbursement through procurement of replacement goods (from 2008 onwards)
Securities to become excluded as replacement business goods and only wearable physical assets Recognized ("beneficial economic goods pursuant to Section 3 Z 1" in § 10, paragraph 5, item 2, EStG). The exemption cannot therefore be transferred to securities upon premature withdrawal of a security, thereby preventing a re-allocation of securities that is not in line with the benefit of the scheme.

:: ID card and directory
Starting from Disposition 2007 has included in the tax return separate ID card from physical economic goods and Securities must be declared. The exemption amount is indicated in the asset register for the relevant business assets. Securities, Those who are entitled to the exemption must be included in a separate list that the tax authority on request to be presented.

Calculation of the tax-free allowance

In the case of Business expenses or Advertising expenses claimed Taggeldern is a Calendarized daily billing Not more Possible (Insert of: "In this case, the full daily allowance is for 24 hours to" in §§ 4(5) and 16(1) Z 9 of the EstG). The previous classification remains in effect. If the duration of the service trip does not include full days, then this new regulation is therefore disadvantageous.

Change to the AVAB for tax-free income that increases with progression

If there are foreign income that are subject to Reservation of progression in Austria tax-free Until now, the self-employed person deduction (AVAB) amount was deducted from the tax calculation before determining the average tax rate, which did not achieve its full effect, since a portion of the tax-free foreign income was consumed. The change in § 33, Paragraphs 10 and 11 of the EStG corrects this by requiring the AVAB to be deducted only after Application of the average tax rate to (domestic) income and thus untouched is deducted.

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