Bureaucratic reduction in Austria: Completion of the prohibition of document for small amounts!

Bureaucratic reduction in Austria: Completion of the prohibition of document for small amounts!

Österreich - The Austrian federal government has announced the abolition of the prohibition of proof for smaller amounts of up to 35 euros in a pioneering announcement. This regulation, which according to the Ministry of Finance is to be implemented "as soon as possible", will bring relief for many customers and retailers. The trade association, which welcomes this decision, emphasizes that over two thirds of the daily millions of transactions in Austrian retail are below the amount of 35 euros. Rainer Will, Managing Director of the Commercial Association, emphasizes that the waiver of proof of evidence not only reduces bureaucracy, but also has a positive impact on the environment.

economic advantages through euros

parallel to adjust the compulsory document, the federal government strengthens the economy with further measures. The basic flat rate will be increased to 420,000 euros and 15 percent by 2026 and N1 vehicles are released from the standard consumption tax. In a further step, the government plans to accelerate approval in the areas of energy and operating system law as well as start -ups. These initiatives follow the previous tax increases that came into force last week. In view of these reforms, it becomes clear that the government is determined to improve the economic environment for small and medium-sized companies.

The euro, which has been acting as a joint currency in the European Union for two decades, has also brought far -reaching economic advantages. Almost 350 million people benefit from the uniform currency that guarantees security and stability. The German economy in particular appreciates the euro because it protects traders from exchange rate risks and significantly reduces transaction costs. These advantages are a decisive factor for competitiveness and economic growth in the euro zone, as the federal government underlines. The close cooperation in economic and financial policy is therefore of the greatest importance for the success of the uniform currency, reports the Federal Government .

The planned reforms and the positive development of the euro show that Austria and the EU continue to work to promote economic stability and growth, especially in challenging times.