Austria Income Tax Rates and Personal Allowances

Review the latest income tax rates, thresholds and personal allowances in Austria which are used to calculate salary after tax when factoring in social security contributions, pension contributions and other salary taxes in Austria

Choose a specific income tax year to see the Austria income tax rates and personal allowances used in the associated income tax calculator for the same tax year.

Understanding Austrian Tax Rates and Thresholds

While we won't delve into specific rates and allowances as these are covered in detail for each support year on the iCalculator™ AT Tax Calculator, we aim to provide you with an understanding of the types of taxes, administrative requirements, and key dates that are crucial in Austria.

On this page we will take a look at key elements of Tax in Austria, dont forget we provide Tax Videos for Austria which explain the different tax types and filing requirements in Austria.

Types of Taxes in Austria

Austria has a variety of taxes that individuals and businesses need to be aware of. Below are some of the major tax categories:

Income Tax

Income tax is levied on individuals and covers earnings from employment, self-employment, and other sources.

Corporate Tax

Corporate tax applies to the profits earned by companies and corporations.

Value-Added Tax (VAT)

This is a consumption tax applied to the purchase of goods and services.

Capital Gains Tax

This tax is applied to the profits made from the sale of assets such as property and investments.

Property Tax

Property owners are subject to this tax, which is based on the value of owned real estate.

Tax Administration Requirements

Understanding the administrative requirements is crucial for compliance with Austrian tax laws.

Registration

Individuals and businesses must register with the tax authorities, usually by obtaining a tax identification number.

Filing and Documentation

Proper record-keeping and timely filing of tax returns are essential. Various forms and documents are required depending on the type of tax.

Payments

Tax payments can generally be made online or through traditional methods like bank transfers.

Key Dates in the Austrian Tax Calendar

Being aware of key dates is essential to avoid penalties and late fees.

Income Tax Filing Deadline

Typically, income tax returns must be filed by a specific date in the year following the tax year.

VAT Submission

VAT returns usually have monthly or quarterly deadlines, depending on the size and type of business.

Corporate Tax Payments

Companies have specific deadlines for making advance corporate tax payments.

In summary, understanding the Austrian tax system involves knowing the types of taxes, administrative requirements, and key dates. While this guide doesn't provide specific rates and allowances, it offers a framework to help you navigate the Austrian tax landscape.