Austria Proposes Provisional Budget 2014

SUNNYVALE, Calif. - March 1, 2014 - PRLog -- A Provisional Budget for 2014 has recently been presented by the Vice Chancellor and Finance Minister. The budget includes provisions with regards to group tax regulations, golden handshakes and standard consumption tax, reports Nair & Co. which provides international tax consulting for companies expanding overseas.

Provisions considered under the provisional budget are as follows:

* Stringent group tax regulations

* New standard consumption tax (Normverbrauchsabgabe) model

* Amendment tothe self-employed workers’ profit allowance regulations

* Elimination of tax breaks for "golden handshakes"

* Hike in the special stability contribution rate to 45%

Being draft provisions, Nair & Co. advises companies operating in Austria to monitor its progress and consider carrying out a detailed analysis of the final regulations to assess actual impact.

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About Nair & Co.

Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com

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