Tax relief is in sight for foreign executives in Austria. The Austrian Finance Ministry is considering the recognition of foreign managers' housing expenses for tax purposes. Specifically, moving expenses and expenditures for the maintenance of dual households, the costs of schooling children and home travel may be deductible in the future.
The Ministry increasingly recognizes that such provisions would merely offset the high expenses of doing business in a foreign country ð while further increasing Austria's attractiveness as a business location.
By Rene Siegl at the Austrian Business Agency
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