English Business News 06/ 2024

As of January 1, 2024, not only was the flexible corporation introduced as a new form of corporation, but changes were also made to the minimum share capital of the "classic" GmbH and the corporation tax rate. These changes also affect the amount of minimum corporation tax (MiKöSt).

The employee bonus was newly introduced for calendar year 2024. This is an extension of the cost-of-living bonus for calendar years 2022 and 2023 and can be granted by employers under certain conditions.

Employers must provide employees with a written record of the essential rights and obligations arising from the employment contract immediately after the start of the employment relationship together with the employment contract.

The National Council has approved large parts of the construction and housing package presented by the government. The aim of the package is to promote residential construction and increase the home ownership rate.