Austria Increases Individual Income Tax Brackets, Deductions, Credits, and Benefits for Inflation

Austria published the Federal law: Inflation relief package part II in the Official Gazette on 27 October 2022. Some of the key provisions of the law provide for an increase in the individual income tax bracket thresholds as follows for the 2023 calendar year:
- The first bracket, EUR 11,000, is increased to EUR 11,693
- The second bracket, EUR 18,000, is increased to EUR 19,134
- The third bracket…