Austria's Ministry of Finance has announced a tax reform package focused mainly on tax relief. Some of the main measures include:

• Reductions in the 2nd and 3rd-level individual income tax bands from 35% to 30% and 42% to 40% in July 2022 and July 2023, respectively;
• A reduction in health insurance contributions from 2022;
• The introduction of a new employee profit sharing model that will allow…