iCalculator™ AT: Austria Tax Calculators
Welcome to iCalculator™ AT, your comprehensive suite of free tax calculators for Austria. iCalculator™ has provided free tax calculators for Austria since 2019. Since those early days we have extended our resources for Austria to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Austria Tax Calculator and salary calculators within our Austria tax section are based on the latest tax rates published by the Tax Administration in Austria. In this dedicated Tax Portal for Austria you can access:
Austria Salary Calculator
Calculate your take home pay in Austria (that’s your salary after tax), with the Austria Salary Calculator. A quick and efficient way to compare salaries in Austria, review income tax deductions for income in Austria and estimate your tax returns for your Salary in Austria. The Austria Tax Calculator is a diverse tool and we may refer to it as the Austria wage calculator, salary calculator or Austria salary after tax calculator, it is however the same calculator, there are simply so many features and uses of the tool (Austria income tax calculator, there is another!) that we refer to the calculator functionally rather than by a specific name, we mention this here to avoid any confusion.
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How to calculate your salary after tax in Austria
Follow these simple steps to calculate your salary after tax in Austria using the Austria Salary Calculator 2024 which is updated with the tax tables.
- Enter Your Salary and the Austria Salary Calculator will automatically produce a salary after tax illustration for you, simple.
- Optional: Select Advanced and enter your age to alter age related tax allowances and deductions for your earning in Austria
- Optional: Change the number of days you work per week, per year and the number of hours you work per week to allow various rates and allowances to be split for viewing in line ith your employment contract in Austria
That's it! Just a few simple steps to calculate your salary after tax in Austria with detailed income tax calculations. Need more from the Austria Tax Calculator? More detailed salary calculator or a wage calculator? Simply select 'advanced' to access more features of the tax calculator. If there are specific income related allowances or deductions in Austria that are not featured on the Austria tax calculator that you would like us to add, simply contact us and explain your requirement. New features for the Austria are added on request at no cost to you. We build tax calculators to support our community in Austria, whether resident or expats in Austria and expand the tool to suit our communities needs as required.
Austria Income Tax Calculators
Taxation in Austria
The Republic of Austria, commonly known as Austria, is a landlocked country located in Central Europe. At fourteenth place in the world's richest country, Austria has a well developed economy with a large presence of big and small private industries. Austria’s economy is mainly geared around the service sector with a small ratio in comparison in the highly developed agricultural sector.
Taxes are levied by the state in Austria and it has been a good revenue source for the Austrian government. The following information covers taxation in Austria in 2024 and contains links to related tax calculators where relevant.
Tax Administration of Austria
The Tax Administration in Austria is managed by the Ministry of Finance (BMF) – You can access their website here. The agency is responsible for revenue administration at the federal level, including government budget, matters of finances concerning the European Union, taxes, duties and tariffs.
The Ministry of Finance sets and manages fiscal policies and tax law enforcement in Austria. We will now review the various taxes that are levied on individual and corporate income in Austria by the Ministry of Finance.
Social Security in Austria
Employers and employee are both are subject to a mandatory contribution towards social security in Austria. Social security is deducted for sickness, unemployment, pensions, accidents and other miscellaneous deductions. You can see the latest social security rates in Austria here.
Personal Income Tax in Austria
Compliance and filing requirements for individuals
The tax year for Individuals is the same as the calendar year from 1 January to 31 December.
For employment income, the employer is required to withhold income tax at source. Income tax can be filed at the local tax office at the end of each calendar year.
Tax returns have to be filed by 30 April of the following year or can be filed electronically by the end of June of the following year.
Consolidated returns are not permitted. Taxpayers who only have salary income and whose income the tax has already been withheld by the employer are not obliged to file a return. However, a return can be filed in order to get refunds. Penalties may be imposed for failure to comply with tax laws.
Tax Basis
Residents are taxed on worldwide income and a non-residents are subject to PIT only on his Austria-source based income.
Taxable Income
Employment income includes income from all sources and all benefits in cash or kind. Benefits such as company provided housing, are valued as per specific rules. Other income that is considered taxable include: Equity compensation, business income, interest income, dividends, investment funds and rental income.
Personal Income Tax Rates in Austria
Personal income tax rates are reviewed annually in Austria, the latest personal income tax rates and allowances as published by the Ministry of Finance can be found here. It is worth noting that Tax rate brackets are the same for residents and non-residents. However, non-residents are subject to higher taxes that are collected by adding a fictitious value of € 9,000.00 to their annual income at the point of income tax assessment.
Capital Gains Tax in Austria
Capital gains from the disposal of immovable assets (investments) are taxed at a flat rate of 27.5%. Capital gains from real estate are taxed at 30%. Realized capital losses on assets may be offset against capital gains earned within the same calendar year with certain exceptions. You can calculate capital gains tax due in Austria using the Austria Capital Gains Tax Calculator.
Other Taxes in Austria
There is no inheritance and net worth/wealth tax in Austria
Real Property Tax in Austria
Real property tax is imposed by the Municipality in Austria. The assessment base is 0.1% to 0.2% of the assessed value of real estate. This amount is then multiplied by the rate determined by each municipality. The maximum amount is capped at 1% of the assessed value.
Real Property Acquisition Tax
Real property acquisition tax in Austria applies to the acquisition of land and buildings. Real Property tax is calculated based on the property value, rates differing depended on the value:
- 0.5% tax rate for properties valued up to € 250,000.00
- 2% tax rate for properties valued over € 250,000.00 and below € 400,000.00
- 3.5% tax rate for properties that are valued above € 400,000.00.
Stamp Duty Tax in Austria
Stamp duties are levied at the rates ranging from 0.8% to 2% on various transactions. Loan or credit contracts are not subject to stamp duty.
Deduction, allowance and exemptions
Deduction and allowances are available on available for various losses, disabled individuals and farm and forestry workers.
Gifts, inheritance, earnings from gambling and specific awards, etc. Are exempt from income tax in Austria.
Corporate Income Tax in Austria
Having discussed Personal Income Tax (PIT) in Austria, wwe will now cover Corporation Income Tax (CIT) in Austria and provide links to supporting tax calculators and guides.
Compliance and filing requirements for corporations
The tax year is generally calendar year. However, corporations may opt for a different tax year, not exceeding 12-month period.
Austria operates on a self-assessment regime. Generally, CIT returns have to be submitted electronically by 30 June of the calendar year following the company’s fiscal year end. However, the CIT returns can be submitted at the latest by 31 March of the (second) following year, provided that the company is represented by an Austrian certified tax advisor.
Consolidated returns are permitted, provided they meet defined conditions. Penalties may be imposed for failure to comply
Tax Basis
Resident companies are subject to CIT on worldwide income and non-resident companies are subject to CIT only on Austria-source based income. Branches are taxed in the same way as subsidiaries.
Taxable Income
CIT is imposed on the company's profits that include business income, capital gains, and any passive income. Normal business expenses are deductible in computing taxable income. Interest and royalties that are subject to an effective tax rate less than 10% are not deductible.
Corporation Tax Rate in Austria
A flat corporate income tax rate of 23% applies to companies that operate in Austria. You can calculate corporation tax due on global income and income in Austria useing the Austria Corporation Tax Calculator
Tax Incentives
Various tax incentives are available in Austria, including a tax credit of 14% on the qualifying research and development (R&D) Credit under the tax incentive regime.
Losses
Losses may be carried forward indefinitely. The cap for offsetting the loss against profits is 75% annually. Carryback of losses are not permitted.
Withholding Tax
When reviewing withholding tax most companies are thinking about payroll costs and the cost of an employee. If you are looking to hire a new employee in Austria, you can use the Cost of Recruiting an Employee in Austria Calculator which factors in all recruitment costs, social security costs and operational costs to sustain the employee in Austria.
Dividends in Austria
Dividends received from an Austrian company or the companies located within the European Union or the companies located in European Economy Area (EEA) are generally tax exempt. This exemption is given provided the foreign company is subject to tax similar to Austrian CIT that is not below 15%.
Dividends paid to non-resident companies are subject to 27.5% of withholding tax. The rates may be reduced If they fall under tax treaties.
Royalties and Interest in Austria
Royalties and Interest are subject to a general CIT rate of 25%.
Rental Income in Austria
Rental income for corporations is treated as normal business income.
Technical service fee tax in Austria
Technical service fees are subject to withholding tax of 20% on a net profit, unless reduction or exemption is provided under a tax treaty.
Other taxes on corporations
Real property tax
An annual real estate tax up to 0.2% is imposed by municipalities on assessed standard rateable value.
Real estate transfer tax
This tax applicable for the transactions of transfer of ownership of real estate that is based in Austria. Real estate transfer tax is generally calculated on the basis of acquisition value or the fair market price of property, whichever is higher. The standard rate is 3.5% of all transactions.
The tax rate is reduced to 2% in the case of the real estate transfer within the close family circle. A maximum of 30% of the fair market value is taken as a tax base.
Real estate transactions with a tax base of EUR 1,100 and below are exempt from real estate transfer tax.
Stamp duty
Stamp duties are collected at the rates ranging from 0.8% to 1% on various transactions such as lease contracts, bills of exchange, assignment of receivables. Loans and credit agreements are not subject to stamp duty.
Payroll taxes
An employer is obliged to withhold the in individual income tax from the employment income. The payment of withholding tax is to be remitted to tax authorities directly by the employer on a monthly basis. A progressive tax regime is in place on salary after deduction of allowances and various expenditures. You can calculate the payroll costs in Austria for up to 20 employees for free using the Austria Payroll Calculator, this is a great payroll calculator for calculating current payroll costs and producing payroll cost forecast for employees in Austria to support business planning and business financial forecasts.
Custom duties
Customer duties are levied on the products that are imported to Austria from non EU countries. The custom duty tariffs are dependent on the nature of goods and are defined as per EU custom duty scheme.
Excise taxes
Excise duties are levied on certain products that include, alcoholic beverages, tobacco products and petroleum products.
Value Added Tax (VAT)
VAT is generally applied on imports, and supply of goods and services. You can calculate VAT due in Austria using the Austria VAT Calculator
VAT Rates in Austria:
- The standard rate is 20%.
- A rate of 13% is levied on cultural services and certain other items.
- The Lowest VAT rate of 10% is levied on services and products such as: Pharmaceutical products, agricultural products, rent for residential purposes, and entertainment.
Credit or refund of VAT
Certain goods and services are subject to 0% VAT, which means the incurred VAT can be credited or refunded to the taxpayer. This includes goods and services such as: exportation of goods, banking transactions.
VAT Filing and payment in Austria
VAT returns are filed electronically on a monthly/quarterly basis. Annual returns must be filed by 30 June following the tax year end. The deadline can be extended if the entity is represented by a tax advisor.