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Austria Tax Rate for 2016-2017, 2015-2016, 2014-2015

Income Tax Rate for 2015

Income (EUR)

Tax Rate %

 

1 - 11,000

 

0%

 

11,001 - 25,000

 

36.5%

 

25,001 - 60,000

 

43.21%

 

Over 60,000

 

50%

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 Income Tax Rates 2014 and Deductions

Austria Income Tax Rate for Individual Tax Payers

In Austria lowest Individual Tax Rate is 6% and Highest Rate is 50%
 

Income (EUR)

Tax Rate %

 

1 - 11,000

 

0%

 

11,001 - 25,000

 

36.5%

 

25,001 - 60,000

 

43.21%

 

Over 60,000

 

50%

 

Corporate Tax Rates in Austria

The corporate tax rate is 25%. There are no trade income or net worth taxes. Austrian corporations may benefit from the participation exemption and the group taxation (including cross-border loss utilization and goodwill depreciation for the acquisition of qualifying Austrian subsidiaries).


Capital Gains Tax in Austria

Capital gains realized from properties which were acquired as of 31 March 2002 is subject to capital gains tax at a flat rate of 25%. Taxable capital gains are calculated as selling price less acquisition costs and related expenses.

After a holding period of 10 years, sellers may decrease the capital gain by 2% per year as inflation reduction, up to a maximum of 50% deduction.

Capital gains realized from properties acquired before 31 March 2002 are taxed at specific different rates, either a flat rate of 15% on sales price or a flat rate of 3.5% on sales price, depending on several conditions. Sellers may also choose to be taxed at a flat rate of 25% on the capital gains.

 

Austria Dates of filing Tax Returns / Reporting and Payment

In general, income tax is assessed for the calendar year on the basis of an individual?s tax return, which should be filed by 30 April (if a paper version is filed) or 30 June (if filed electronically), respectively 30 September, in case salary is taxed via payroll, of the following year. An automatic extension up to 31 March of the next following year is granted if the individual is represented by a tax adviser. Further extensions are available on request in special circumstances.

Tax year-end 31 December.

Compliance requirements for tax returns in Austria

Residents

Generally, a tax return is required if the individual?s taxable income exceeds EUR11,000. Income tax on employment income is generally withheld at the source. Still, a tax return is required in case the individual has additional income, not previously subject to employer withholdings, in excess of EUR730. Please note that for foreign income from investment a threshold of only EUR22 applies.

Non-residents

Non-resident individuals must file an income tax return whenever they have taxable income in excess of EUR2,000 from a taxable source, unless the withholding tax applied represents the final settlement of the tax liability. For calculation of the tax rate the income will be increased by a hypothetical figure of EUR9,000.

 
 

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