Tax tips: This is how Austrians save just before the end of the year!

Tax tips: This is how Austrians save just before the end of the year!

The end of the year is just around the corner, and both private individuals and companies should urgently deal with their tax matters. In view of the ongoing inflation and the already tense economic situation, Wilfried Krammer, partner at Deloitte Austria, recommends a comprehensive review of the financial situation. According to the information from OTS , in particular, expenses for disaster damage from last summer can be used as extraordinary stress become. This includes, among other things, the costs for the elimination of storm damage and the replacement of lost assets.

The tax to-do’s are particularly diverse for companies. A central point here is the investment allowance introduced again. As deloitte , it is possible for natural persons with operational income over 30,000 euros to make an allowance through targeted investments. Furthermore, the focus is on tax -free measures for employee loyalty, including the possibility of paying out an inflation bonus or employee profit participation.

important tax advantages

In addition to the measures already mentioned, there are also special regulations for private sector expenses, such as the home office flat rate, which is applicable for up to 100 days, or the tax deduction for ergonomically suitable furniture if you have worked in the home office for at least 26 days. Special expenses, such as donations to non -profit organizations, can also be asserted in a certain extent. It is advisable to use all possible tax reliefs before the end of the year.