The 2023 employee tax assessment is just around the corner and it’s time to get to grips with this important process. Every year, you have the opportunity to reclaim overpaid taxes by submitting an employee tax assessment to the tax office. For many employees, this is an important opportunity to optimize their financial situation and gain an overview of their tax situation.
Differential taxation in Austria is an important tax instrument that is particularly important for resellers of second-hand goods such as cars, antiques, works of art and similar items. This procedure allows retailers to pay VAT only on the difference between the purchase price and the sales price, instead of on the entire sales price. This avoids a double tax burden, which is particularly advantageous when trading in used goods purchased by private individuals.
Integrated Reporting (IR) marks a paradigm shift in corporate reporting. Developed by the International Integrated Reporting Council (IIRC), the aim of IR is to provide a holistic view of a company’s value creation. This modern framework goes beyond traditional financial reporting and integrates financial, social, economic and environmental aspects into a single, coherent report.
