📋 Tender Overview
OVP and Greens have in todays National Council sessionon the subject of inflation presented an amendment for an extraordinary credit of up to 500 for the self-employed which MEPs also approved by majority vote. Graduated according to contribution bases between 566 and 2900 in the Commercial Social Insurance Act and in the Farmers Social Insurance Act this credit should be given once to relieve the self-employed and farmers via their respective social insurance or credited to the contribution account as Elisabeth Gtze Greens explains. explained. The measure should be analogous to the one-off cost-of-living tax credit for low-income workers which was only recently decided. The amendment to the Income Tax Act 1988 on which the amendment is basedOther resolutions relate to the Tax Amendment Act with tax exemptions and EU legal adjustments to the Securities Supervision Act and the Investment Fund Act.Social security bonus for the self-employedThe National Council recently decided on a one-off cost-of-living tax credit for low-income employees of 500. Analogous to this deduction with todays amendment which the coalition parties introduced to the fundamental amendment there will also be such a measure for the self-employed designed as a social security bonus according to Elisabeth Gtze Greens.Persons with health insurance under the GSVG or BSVG with a contribution base of 566 corresponds to the marginal earnings limit for employed persons and 2900 are entitled to the extraordinary credit. The staggering of the credit starts with a contribution basis of 566 with 160 with a contribution basis between 1200 and 2100 the credit amount should be 500 . Up to 2900 it drops to 100. According to the explanations those persons who are exempt from health insurance under the BSVG under certain transitional regulations but who are subject to pension insurance are also entitled to claim. For this group of people the contribution basis in the pension insurance is decisive.For income below 24500 the extraordinary credit should be exempt from income tax. In order to be able to carry out the correct tax processing an obligation for data transmission by the respective social security institution should be provided for. With changes in the Income Tax Act it should be regulated for those self-employed who also meet the requirements for the cost-of-living allowance at the same time that any extraordinary credit should reduce the cost-of-living allowance.The one-time credit must be made to the contribution accounts of the insured for the third BSVG or fourth GSVG quarter of 2022. According to the explanations the federal government will reimburse costs in 2023 after the presentation of the financial statement by the social insurance institution for the self-employed.Karlheinz Kopf VP like Gtze emphasized that low-income self-employed should also be able to benefit from the cost-of-living tax credit. For this the route via the GSVG and BSVG had to be chosen.Tax Amendment Act with tax exemptionsThe package of measures in this years Tax Amendment Act which was accepted by the majority ranges from the extension of the increased sixth part of the year for short-time work to tax exemptions for international train tickets. In the case of weekly monthly or annual network tickets for public transport which are used both for business trips and for private trips 50 of the expenses should in future be deductible as business expenses. This means that records of operational use are no longer necessary.In addition smaller photovoltaic systems with a maximum of 12500 kWh are to be exempt from income tax in the future. This is intended to reduce the administrative burden for private individuals. According to the proposed law this will result in a reduced administrative burden of 50000 hours. Changes in the information requirements should lead to relief for companies. Other adjustments relate among other things to the new regulation of the research premium from which start-ups in particular should benefit. The Ministry of Finance expects additional income of up to 50 million per year from the planned implementation of the EU directive on the mandatory automatic exchange of information DAC7 which is intended to lead to more tax honesty.Adjustments that have to be made as a result of the repeal of the Vaccination Act affect provisions for the issuance of COVID-19 risk certificates according to an amendment jointly approved by the coalition parties. In addition the current cost reimbursement regulation for health insurance companies will be extended until the end of 2022 although no time off from work for COVID-19 risk groups is currently planned anyway.Christoph Matznetter SP criticized the fact that billions of euros continue to go into the pocket of shareholders and that the top performers pay the price. The SP also demanded a separate vote on various points. Karlheinz Kopf VP on the other hand said that without capital there would be no work and pointed out that the same in companies is also associated with risk. Karin Doppelbauer NEOS named some measures that she saw as positive such as those for photovoltaic systems but criticized the interaction of the commuter allowance and climate ticket as well as the regulations on short-time work especially since the companies lack skilled workers. Jakob Schwarz Greens sees many greening steps in the package such as on the subject of photovoltaics or the deductibility of 50 of public transport tickets for the self-employed.Finance State Secretary Florian Tursky for his part emphasized the tax breaks for companies in research funding which is particularly important for the start-up scene. As far as the interaction of the commuter flat rate with the public transport ticket is concerned this is offset in each case.
