Everything New – Values 2023

Smart - 11/01/2023 - Sabine Kock

Dear users and interested visitors!

As every year, you will find below a summary of the current value adjustments for 2023. They are here on this blog at any time for you to view and access. With the very best wishes for all your plans & projects.

Your Smart Team

 

Values 2023

Social security

Marginal income limits
marginal earnings limit monthly: 500.91 euro
marginal earnings limit / year / SVS compulsory insurance limit: 6,010.92 euro


SVS

SVS minimum contribution / month / New self-employed 145 euro (Attention: Calculation of the final monthly contribution will be done afterwards)
Opting-in SVS: 45.03 euro (note: no pension insurance)


Voluntary self-insurance ÖGK

marginally employed persons: 70.72  euro
students: 66.79 euro (note: no pension insurance)

Prescription fee 6.85 euros

 

Children and family

Family allowance for children
0-3 years 120.61 euro
3-9 years 128.97 euro
10-18 years 149.70 euro
From 19 years 174 euro

Child deduction
Together with the family allowance, an additional child deduction is paid. This amounts to 61.8 euro per child for the calendar year 2023 and does not have to be applied for separately.

 

Daily maternity allowance 
Self-employed 61,25 euro / day
Low-income employees 10,35 euro / day

 

Additional earnings limits Child benefit
Income-independent 18,000 euro (or 60% of previous earnings) per year
Income-dependent 7,800 euro per year

 

Family Bonus Plus (FB+)
The Family Bonus Plus (FB+) is a deduction that replaces the deductibility of childcare costs. The Family Bonus Plus is only granted upon application, either monthly via payroll accounting or annually retrospectively via the employee’s tax assessment.

Amount up to the 18th birthday: 2,000 euro for each child per year or 166.68 euro for each child per month.
Amount after the 18th birthday: 650 euro for each child per year or 54.18 euro for each child per month.

 

Social benefits

Minimum based benefit
Individuals: 1,054 euro
Couples: 1,475 euro

Compensatory allowance (minimum pension)
Individuals 1,110.26 euro
Couples 1,751.56 euro

Compensatory allowance & supplement for 40 working years
Individuals 1,443.23 euro
Couples 1,948 euro

 

Taxes

Increase of the limit for low value goods to 1.000 euro

Income tax 

Amount                                                            Tax rate

up to 11,693 euro                                              0 %

over 11,693 to 19,134 euro                             20 %

over 19,134 to 32,075 euro                             30 %

over 32,075 to 62,080 euro                             41 %

over 62,080 to 93,120 euro                             48 %

over 93,120 up to 1,000,000 euro                  50 %

over 1,000,000 euro                                         55 %