Tax concessions

Last reviewed 18 Apr 2024

Direct

There is no provision for direct tax concessions.

Indirect

As regards indirect benefits, in addition to the income-dependent general allowance, the following child allowances are also available depending on the number of children

Income tax concessions, e.g.

There are concessions for individual types of income that are not included in the total income:

• dividends, interest
• speculative gains (real estate and speculative gains)
• rental income
• in the case of lump-sum expenses deduction for commercial income
  In the case of income from employment, vacation pay is not subject to any tax burden within certain limits. Success bonuses are only subject to social insurance up to approx. EUR 2300.

Tax credits

Family Bonus Plus:

N/A

Children surplus:

N/A

Sole earner deduction pa.:

Single parent deduction pa.:

Child deduction:

EUR 2,698.00 for the first child
EUR 2,933.00 for the second child
EUR 4,892.00 for the third child
EUR 6,851.00 for the fourth child
EUR 8,810.00 for the fifth child
EUR 1,959.00 for each subsequent child
EUR 9,777.00 for a child in need of special care
EUR 2,698.00 for other members of the family
As of 2020 it is required, that dependants have the same registred place of residence to be able to take into account the personal allowance.

Alimony deduction:

If in employment / pension income p.a.:

Allowances and exemptions

Profit allowance:

N/A

Government subsidies

Government subsidies for occupational retirement savings. If requirements are met, annual benefits from occupational retirement funds of up to EUR 2,903.66 are income tax exempt for the employee.