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Austrians Encouraged To Claim 2008 Tax Relief By Year-End

by Ulrika Lomas,, Brussels

18 December 2013

Urging employees in Austria to act swiftly to claim any tax relief due, the Austrian Finance Ministry has reminded taxpayers that the statutory deadline for the 2008 tax year expires at the end of 2013.

In Austria, employees have five years in which to submit an employee assessment to the tax administration, requesting tax relief on their income. For 2008, the right to apply ends on December 31, 2013.

According to the Finance Ministry, the quickest, easiest, and most efficient way to complete an employee assessment is via the Ministry's Internet portal, FinanzOnline, saving money and time, and enabling changes to be made to personal data at any time.

Under certain circumstances, special expenditure may be deducted from income tax, for example donations, church contributions, and childcare costs. Furthermore, income-related expenditure is also tax-deductible, including costs incurred for training or retraining, deemed necessary in order to acquire, secure, or maintain personal income.

Since 2009, third party childcare costs are tax deductible in Austria, for children up to the age of ten, although are limited to EUR2,300 (USD3,164) per child and per calendar year.

For employees who are already considering filing their 2013 employee assessment, the Finance Ministry emphasized that tax breaks for both donations and church contributions have been strengthened recently. Indeed, since last year, tax-deductible expenditure includes donations to voluntary fire departments, to legally recognized animal shelters and to environmental organizations, provided that the organizations in question are listed on the Finance Ministry's website. Church contributions are tax-deductible, up to a maximum of EUR400 in 2013.

TAGS: environment | Finance | tax | training | employees | Austria | tax breaks | individual income tax

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