Tax reform 2025: Small business owners and commuters benefit enormously!

Tax reform 2025: Small business owners and commuters benefit enormously!

On January 1, 2025, extensive tax changes to the black and green government will come into force, which will significantly influence the financial situation of many citizens and companies. But the increased tax rates are not the only excitement! According to krone.at there is an increase in the small business limit to 55,000 euros and an adjustment of the tax tariff limits. The border tax rate for the first 13,308 euros remains at zero percent, while it gradually increases up to 103,072 euros and is also 50 percent. That means: more net of gross for many who work in Austria!

important adjustments for travelers

entrepreneurs and employees can also look forward to an increase in mileage money. From now on you can start 50 cents per kilometer for business trips, while 15 cents can now be asserted for people transported. The maximum approach for bicycles doubles to 3,000 kilometers a year. These are massive advantages, as well as dasfinance.de reports, because experts appreciate the total costs per kilometer for a new compact car to around 50 cents and the new regulation is attractive for travelers. Adjustments in the amount of the daily and overnight money have also been decided: daily money now reaches up to 30 euros, while overnight costs from 15 to 17 euros.

technological innovations in the financial sector

But these are not the only changes! Financial management is modernized: From 2025, the login for finance online requires a two-factor authentication to increase security. It will also be possible to arrange appointments at the tax office via video or live chat-a real relief for numerous taxpayers. In order to create more transparency in funding, a new support-taskforce is launched that is supposed to uncover possible double-track.