Austria: Entorn econòmic
A reduced rate of 13% applies to domestic flights, entrance to sporting and cultural events, animal feed, seeds, agricultural supplies and ex-vineyard sales of wines, and supplies made by artists.
For depreciation and amortisation, only the straight-line method is accepted, with the cost evenly spread over the useful life of an asset (with some exceptions like buildings and automobiles).
Tax losses can be carried forward without any time limit (within a limit of 75% of the taxable income for any given year, with some exceptions). The carryback of tax losses is generally not permitted.
A digital services tax ("Digitalsteuer") applies at a rate of 5% to multinational companies with worldwide revenue of at least EUR 750 million and yearly domestic revenue of at least EUR 25 million from providing online advertising services.
Social security contributions paid by the employer amount to a total of 21.13% (maximum assessment basis of EUR 5,670/month), so divided:
- Sickness: 3.78%
- Unemployment: 3%
- Pension: 12.55%
- Accident: 1.10%
- Miscellaneous: 0.70%
Furthermore, the employer is liable to the Family Burdens Equalisation Levy at the rate of 3.9%, the municipal tax on payroll at the rate of 3% of monthly gross salaries and wages, and a public transportation levy equal to EUR 2 per week/employee in the city of Vienna. A contribution to the Chamber of Commerce is levied at a rate between 0.34% and 0.42% of monthly gross salaries paid, according to the province. Local authorities also levy other taxes, for example, on rubbish collection and on entertainment.
Austria | OECD | United States | Germany | |
Number of Payments of Taxes per Year | 12.0 | 10.1 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 131.0 | 163.6 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 51.4 | 41.6 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
Personal Income Tax (EUR) | Rate (%) |
0 - 11,693 | 0 |
11,694 - 19,134 | 20 |
19,135 - 32,075 | 30 |
32,076 - 62,080 | 42 |
62,081 - 93,120 | 48 |
93,121 - 1,000,000 | 50 |
Above 1,000,000 | 55 |
Special Payments (13th or 14th month salary or bonus) | ranging from 6% to 55% (first EUR 620 is tax-free) |
Tax relief is provided for taxpayers who incur extraordinary expenses (e.g. funeral costs, medical expenses for special treatments not reimbursed by health insurance), with limits depending on the income and family status (with a retention rate ranging from 6% to 12%).
Personal allowances generally take the form of tax credits and include a transportation tax credit (EUR 421) and for sole wage earners, single taxpayers, and sole earners of unmarried couples EUR 520 with one child, EUR 704 with two children, EUR 232 for each additional child.
A monthly tax-free cash payment for children up to age 18 or up to 24 if still in school, or handicapped (up to age 25 under certain conditions), is granted by the government upon formal request. Different monthly allowances are eligible for children based on their age and circumstances: EUR 120.60 per month for kids below three years old, and EUR 129.00 per month for those between the ages of three and ten. For children aged between ten and 18 years old, the monthly allowance is EUR 149.70. For orphans and students between 19 and 24 years old (25 in certain situations) the monthly allowance stands at EUR 174.70. Furthermore, a child care allowance (Kinderbetreuungsgeld) is granted for newborn children.
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Actualitzacions: September 2023