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    Austria Income Tax Rates 2015

    Individuals

    Taxable Income 2015 (EUR)

    Tax Rate (%)

    Up to 11,000

    0

    From 11,000 - 25,000

    36.5

    From 25,000 - 60,000

    43.2

    Over 60,000

    50

     

    Taxable Income from 2016 (EUR)

    Tax Rate (%)

    Up to 11,000

    0

    From 11,000 - 18,000

    25

    From 18,000 - 31,000

    35

    From 31,000 - 60,000

    42

    From 60,000 - 90,000

    48

    From 90,000 - 1,000,000

    50

    Over 1,000,000

    55

    The above tax rates basically apply to all income, except income from capital investments (dividend income, most savings income, etc) and income from the sale of properties (from 1 April 2012). The same rates apply to both residents and non-residents. However, non-residents have to add EUR 9,000 to their tax base (especially for income that has not been taxed by way of withholding tax).

    Companies

    Corporations are taxed on their gross income at the corporate level and are subject to Austrian corporate income tax at a flat rate of 25%. The same rates apply to both resident and non-resident companies. Resident corporations are obliged to pay annual minimum income tax even when making losses. Companies linked in a financial hierarchy can constitute a group for tax purposes under specified circumstances. The taxable profits or losses of the members of a group are added to those of the taxable company in the group. Losses of non-resident companies can generally be deducted (from 2015 up to 75 % of the overall surplus of the resident group members). Goodwill amortisation can not be deducted for acquisitions after 28 February 2014.

    VALUE ADDED TAX (VAT)

    VAT covers any entrepreneur who independently carries on a business in Austria. The standard VAT rate is 20%. A reduced rate of 10% is imposed on rents of land and buildings for residential purposes (including hotel accommodation), transport of passengers, etc. From 2016 the reduced rate of 10 % is increased to 13% for some products and services (e.g. hotel accommodation). Zero rate (0%) is applied on certain items (e.g. exported goods and services).

    CAPITAL GAINS TAX (CGT)

    Individuals

    Income Type

    Tax Rate (%) 2015

    Tax Rate (%) from 2016

    Dividends

    25

    27.5

    Interest from bank deposits

    25

    25

    Interest from debt securities

    25

    27.5

    Capital Gains

    25

    27.5

    Income from derivatives

    25

    27.5

    Companies

    Holding companies are privileged under certain circumstances, interest is mostly deductible (special restrictions within a group of companies on interest rates for acquisitions and on interests/royalties paid to low-taxed companies). Capital gains for other companies are taxed at the normal corporate income tax rates.

    LOSSES

    In principle losses may be carried forward without time limit and can be set off against the income of the current year to a certain degree. Excess losses may be carried forward to subsequent tax years. Losses carried forward may be lost after a substantial change in ownership.

    TREATY NETWORK

    More than 90 countries.

    WITHHOLDING TAX (non-residents)

    • Dividends: 25% (27.5 % from 2016) (unless reduced/exempt under Parent-Subsidiary Directive or the relevant treaty)
    • Interest: 35% from 1 July 2011, particularly if paid to non-resident EU individuals, 25% for others (27.5% from 1 January 2016, see above)
    • Royalties: 20% (unless reduced/exempt under Interest-Royalty Directive or the relevant treaty)
    • Capital Gains: 25 % (27.5% from 2016)
    • Disposal of property: 25% (30% from 2016)

    Doing Business Abroad - Tax Rates 2015 /2016

     
    Albania | Angola | Austria | Azerbaijan | Bahrain | Belgium | Bulgaria | Cameroon | Croatia | Cyprus
    Czech Republic | Denmark | Egypt | Estonia | Finland | France | Georgia| Germany | Greece
    Hungary | Ireland | Isle of Man | Israel | Italy | Jordan | Kazakhstan | Kenya | Kuwait | Latvia | Lebanon
    Liechtenstein | Lithuania | Luxembourg | Malta | Mauritius | Morocco | Netherlands | Nigeria
    Norway | Oman | Palestine | Poland | Portugal | Qatar | Romania | Saudi Arabia | Serbia | Slovakia
    Slovenia | South Africa | Spain | Sweden | Switzerland | Tanzania | Tunisia | Turkey | Uganda
    Ukraine | United Arab Emirates | United Kingdom | Yemen

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