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Austria  Income Taxes and Tax Laws

Austria Income Taxes (Last partial update, February 2010) Individual Income Tax: Austria's individual income tax rates for 2010 are progressive 0%-50%( 4 tax bands). Corporate Tax: Austria corporate tax rate for 2010 is 25%. Capital Gains: Capital gains of companies are taxed at 25%. Dividend income and capital gains from foreign companies are tax exempt under the participation exemption rules.            Individuals have reduced capital gain tax rates for 50% of the individual's average tax rate, up to a limit of 25%. Consolidated Tax Returns Companies can file consolidated tax returns when the holding of the parent company exceeds 50%. Losses Losses can be carried forward with no limit . There is no carryback for losses . Austria Social Security The maximum social security rates in Austria are: Employer -21.9% Employee - 18.2% Deduction of Tax at Source in Austria Austria tax is deducted at source from the following payments: Dividend- 25% Interest- 0% Royalties- 20% The Austrian tax year is the calendar year. Austria V.A.T and Other Taxes V.A.T - The standard V.A.T. rate in Austria is 20%. There is a reduced V.A.T. rate of 10%. The reduced VAT rate applies to tourism services, food and agriculture. The threshold for VAT registration in Austria is an annual turnover of EUR 7,500. Austria Other Taxes Real Estate Tax, Real Estate Transfer Tax, Payroll Tax and Stamp Duty.

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