Rising prices, especially in the energy sector, are hitting many people hard. For this reason, the coalition committee agreed at the end of February to implement a comprehensive relief package worth over 15 billion euros. The package includes relief on electricity bills, one-off payments to recipients of benefits and tax reductions. The package will particularly benefit citizens on low and medium incomes.
In order to implement the agreed tax improvements, the Federal Government has launched the Tax Relief Act 2022.
The Act delivers the following tax reliefs, backdated to 01 January 2022: