Glossary
Bonus payments (holiday and Christmas bonus)
In addition to the payment of twelve monthly salaries per year, the Austrian system of salaried employment provides for special payments twice a year amounting to a further month's salary (13th and 14th month's salary).
Bonus payments (holiday and Christmas bonus)
Under the Austrian system of employed work, twelve monthly salaries are disbursed per year plus two bonus payment in the equivalent of a monthly salary (holiday and Christmas bonus). These bonus payments are usually disbursed in June and November and benefit from a lower tax rate. With employment for a limited term, bonus payments are pro-rated.