Wage Tax Reduction

The corona crisis has led to a wage tax reduction for all employees.

In order to raise the spending capacity of their citizens during the corona-crisis, the National Council has decided to implement the planned tax reduction earlier, than initially planned – therefore, the decrease of the “starting taxation rate” from 25% to 20% applies from January 2020 onwards (backdated) and is valid throughout 2020. With this regulation, the tax reduction per employee can be up to € 350,00 per year.

Our payroll team has already considered the taxation reduction during August payroll.

Do you have questions about this or similar topics? We are happy to be there for you!  welcome@huebner.at 

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