Permanent reduction of the minimum corporate income tax for GmbHs to EUR 500.00

Based on the Company Law Amendment Act (GesRÄG) 2023, the minimum share capital for limited liability companies (GmbHs) was reduced from EUR 35,000.00 to EUR 10,000.00.

As a result, pursuant to § 24 para. 4 item 1 of the Corporate Income Tax Act (KÖStG), the minimum corporate income tax is permanently reduced to EUR 500.00 per year (5.00% of the statutory minimum share capital).

Existing GmbHs are not required to reduce their share capital in order to benefit from the lower minimum corporate income tax of EUR 500.00.