Austria Spo Proposal Tender

The surcharges on the motor-related insurance tax for non-annual payment of motor liability insurance no longer correspond to the current interest rates says the SPO. Therefore in order to avoid the surcharges for motor-related insurance tax when paying during the year Member of Parliament Markus Vogl calls on the Federal Government to send a corresponding amendment to the Insurance Tax Act into consideration.According to the current legal situation the tax increases unless the insurance fee is paid annually in advance. According to the SP application this would constitute a punishment especially for low-income workers. The surcharges six-monthly payment 6 quarterly 8 monthly 10 would significantly exceed the interest loss due to the payment during the year. The elimination of surcharges would in the Applicants view bring about a positive financial effect and a simplification of taxation.