Austria

Overview

Last reviewed - 30 June 2020

Austria, a landlocked country of approximately eight million inhabitants in Central Europe, is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. Austria is divided into nine states, with Vienna as the capital. The official language of Austria is German, and the currency is the euro (EUR).

Austria's economy features a large service sector, a sound industrial sector, and a small, but highly developed, agricultural sector. The Austrian economy has greatly benefited from its strong commercial relations to the Central and Eastern Europe (CEE) region, specifically in the banking and insurance sectors.

PwC has five regional offices in Austria (Vienna, Graz, Klagenfurt, Linz, and Salzburg) allowing proximity to our clients. With over 1,240 employees, the Austrian practice provides services in the areas of assurance, tax, and advisory. Further, PwC Legal is a full-service business law firm and covers all major areas of commercial law.

To provide our clients with a wider service offering, PwC Austria, Belgium, Germany, Switzerland, the Netherlands, and Turkey have formed an alliance. Through this partnership, PwC Austria is able to increase its number of services and adjust to customers' needs on a variety of issues, whether they are a purely Austrian private or public operation or an international conglomerate.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

25

Corporate income tax (CIT) due dates
CIT return due date

Generally: 30 June of the following year;

If submitted by certified tax advisor: 31 March of the second following year.

CIT final payment due date

Final settlement is due subsequent to the annual assessment (payment falls due one month after assessment).

CIT estimated payment due dates

Quarterly instalments.

Personal income tax (PIT) rates
Headline PIT rate (%)

55

Personal income tax (PIT) due dates
PIT return due date

Paper form: 30 April;

Electronic filing: 30 June

PIT final payment due date

Final settlement is due subsequent to the annual assessment (payment falls due one month after assessment).

PIT estimated payment due dates

Monthly

Value-added tax (VAT) rates
Standard VAT rate (%)

20

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

Resident: 0 or 25 / 0 or 25 / 0;

Non-resident: 0 or 25 / 0 / 0 or 20

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Individual capital gains tax rate (%)

27.5

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

NA

Inheritance and gift tax rates
Inheritance tax rate (%)

NA

Gift tax rate (%)

NA

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.