The corporate income tax in Austria is to be reduced in two steps from 25 percent at present to 21 percent. If one considers the tax on profits paid by companies in the previous year, the tax reform will reduce the tax burden by about EUR 1.5 billion per year. The tax cuts are seen by the business community as a positive signal to strengthen the corporate sector and make Austria more attractive as a business location. The average corporate income tax in the EU is 21.9 percent.
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A country like Austria considered to be an especially good terrain for upscale industrial segments, and with a particular emphasis on research and environmental friendliness, represents a major opportunity for SIAD. Our corporate goal is namely to assist the customer and provide support in improving the productivity and the environmental compatibility of its work processes.
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Austrian companies and researchers registered 2.341 new patents at the European Patent Office (EPO) in 2019. Over the last five years the number of Austrian patent applications increased consistently.
A growing number of companies are relying on social media to inform customers, open up new target groups and identify suitable employees. Firms are increasingly investing in Facebook and other social media as each year passes, However, at the same time the continuous further development and establishment of networks are also leading to uncertainties about the right way of handling these platforms.