Taxation in Austria
Recent forum posts
The commercial office space market in India is witnessing a enormous change in 2020.________________________________________THE DEMAND FOR COMMERCIAL OFFICE SPACE PROPERTIES IS MOUNTING UP DAY BY DAY. THERE IS A HUGE POTENTIAL GROWTH IN END USERS AND INVESTORS ALIKE. EARLIER THE GOVERNMENT RETIRED PERSONALE USE TO PUT THEIR PROVIDEND FUND MONEY INTO BANKS BUT NOW THEY ARE INVESTING IT AS THE C
Total Posts: 1 Last post by himanshuseo1
I run a UK business and my fellow Director is an Indian National (I am a British citizen).We now want to launch our company in India and I am struggling to make any progress with the Indian High Commission. Can anyone help me with the process. I have twice visited the commission in London and wasted hours of time due to their complete lack of organisation.I will appreciate any help to make
Total Posts: 7 Last post by utpal01
Taxation in Austria
Individual Income Tax in Euros:
€ 0 - 11,000 0%
€ 11,000 - 25,000 36.5%
€ 25,000 - 60,000 43.21%
€ 60,000 and more 50%
- Corporate Tax: 25%.
- Capital Gains: 25%.
- V.A.T: 20%.There is a reduced V.A.T rate of 10%.
VAT between member states of the European Union is based on the "Destination Principle". The general rate is 20% for most manufactured goods and services. The reduced rate is 6% - 12% A lower rate of 10% is levied on food, agricultural products, property rents, and some other items. A special tax is levied on the first registration of cars. This is based on the car's average fuel consumption.
The exporter will need to obtain the VAT registration number of their customer and quote it on their sales invoice along with their own VAT registration number. The UK exporter will zero rate the goods and the importer in Austria will declare the goods on their VAT return form. These returns are used by Customs to carry out spot checks on exporters in the UK for origination of goods. However, if the buyer is not registered for VAT or the seller cannot obtain his VAT number then the seller must charge the UK rate of VAT. The national code for VAT in Austria is ATU, the format is 9 digits including the U prefix, eg (AT)U13245857
Anyone wishing to establish a business or profession in Austria has to be registered by a local tax office
Organisations that can assist with Taxation
ABA – Invest in Austria, the national investment promotion agency, is the first contact point for foreign companies interested in establishing business operations in Austria