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Austria Income Taxes(Last updated ,October 2006 ) Individual Income Tax: Austria's individual income tax rates for 2006 are progressive 0%-50%( 4 tax bands). Corporate Tax: Austria corporate tax rate for 2006 is 25%. Capital Gains: Capital gains of companies are taxed at 25%. Individuals have reduced rates for certain capital gains from sale of securities. Deduction of Tax at Source: Austria tax is deducted at source from the following payments:Dividend- 25%. Interest- 0%. Royalties- 20%. AUSTRIA V.A.T AND OTHER TAXESV.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 22,000. OTHER TAXESReal Estate Tax, Real Estate Transfer Tax. |
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