Up to 1,000 Euros: These Employees Can Look Forward to a Special Bonus
Employers can pay their employees a bonus of up to 1,000 euros tax-free on wages and income this year, announced Minister of Economic Affairs Wolfgang Hattmannsdorfer (ÖVP). "Those who perform should be rewarded for it," said the minister on Sunday. Unlike in the past, the bonus is no longer tied to collective agreements or company agreements.
Performance Bonus Up to 1,000 Euros Tax-Free
Support came on Sunday from the Federation of Austrian Industries (IV). "The announced tax-free performance bonus is a right step to specifically set incentives for individual performance and to visibly reward particularly committed employees. The instrument has already proven itself in the past," emphasized the IV.
Bonus is Part of the Tax Package
The bonus was already announced at the beginning of May and is part of the government's tax package, which is marked by a savings package. Among other things, the one-third of the "cold progression" remaining with the finance minister will be retained for the entire legislative period. Overall, the savings measures amount to a volume of 76 million euros for this year. Next year, they are expected to bring in 696 million. However, it also includes reliefs, for example for commuters.
(APA/Red)
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