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Austria  Income Taxes and Tax Laws














Austria Income Tax Rates 2015


(Last partial update, February 2015)

Individual Income Tax: Austria's individual income tax rates for 2015 are progressive 0%-50%( 4 tax bands).
Corporate Tax: Austria corporate tax rate for 2015 is 25%.
There is an alternative minimum tax of EUR 500 for limited liability companies.
Capital Gains: Capital gains of companies are taxed at 25%.
Individuals generally pay 25% capital gain tax for assets bought after April 1, 2012.
Dividend income and capital gains from foreign companies are tax exempt under the participation exemption rules.
Dividend received from a resident company is tax exempt.


Austria Personal Income Tax Rates 2015

Income (EUR) Tax (%)
1-11,000 0
11,001-25,000 36.5
25,001- 60,000 43.21
60,001 and over 50


Residence

Companies are resident if managed in Austria or incorporated in Austria.
Individuals are resident if having a flat/home in Austria or if living there for more than six months.


Consolidated Tax Returns

Companies can file consolidated tax returns when the holding of the parent company exceeds 50%.

Losses

Losses can be carried forward up to 75% of the current year income with no time limit.
There is no carryback for losses.




Austria Social Security

The maximum social security rates in Austria are:
  • Employer -21.7%-21.83%%
  • Employee - 18.07%-18.2%


Deduction of Tax at Source in Austria

Austria tax is deducted at source from the following payments to non residents:
  • Dividend- 25%
  • Interest- 0%/25%
  • Royalties- 20%
  • The tax withholding rates may be reduced under relevant double tax treaties.
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 exceeding EUR 30,000.


Austria Other Taxes

Real Estate Tax, Real Estate Transfer Tax, Payroll Tax and Stamp Duty.







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