Austria Enacts Budget Accompanying Act 2027-2028 Including Two-Tier Corporate Tax

Austria published the Budget Accompanying Act 2027-2028 in the Official Gazette on 29 July 2026, which contains various tax measures as part of the dual budget for 2027 and 2028. The main measures are summarized as follows:

• A two-tier corporate tax rate system is introduced, including a 23% tax on taxable income up to EUR 1 million and a 24% tax rate on taxable income exceeding EUR 1 million, with the EUR 1 million threshold determined at the level of the group, first applicable to fiscal y…