Austrian Government Submits Draft Budget Accompanying Act 2027-2028 Including Corporate Tax Rate Increase and Other Tax Measures

The Austrian government has submitted the Draft Budget Accompanying Act 2027-2028 to the Parliament, which includes various tax measures as part of the dual budget for 2027 and 2028. The measures are intended to support budget consolidation, including the reduction of Austria's Maastricht deficit and the country's exit from the EU excessive deficit procedure after 2028.

Some of the main tax measures include the following:

• The introduction of a progressive corporate income tax rate for finan…