Austria

Individual - Sample personal income tax calculation

Last reviewed - 12 September 2022

Typical tax computation for 2023, based on the projected law and tax rates in effect as of 1 January 2023

Assumptions:

  • Resident husband and wife
  • Two dependent children
  • Husband is sole earner:
    • Employment in Austria (Austrian employer).
    • Austrian social security.
    • Employment income paid in 14 instalments.
  • Interest income from bank deposits (EUR 11,250)
  • Dividends from abroad (DTT country) (EUR 7,030 comparable to Austrian dividends)
Tax computation EUR EUR
Salary   77,700.00
Less: Tax-favoured portion (13th and 14th salaries) ((77,000 / 14) x 2) (11,000.00)  
Less: Social security contributions (11,959.20)  
Less: Standard allowance: Business expenses (132.00) 23,091.20 
Taxable income   54,608.80
Tax thereon   14,301.40
Less: Personal allowances: Family bonus plus (4,000.00)  
Less: Personal allowances: Sole earner (704.00)  
Less: Personal allowances: Transportation credit (400.00) (4,069.00)
Income tax   9,197.40
Income tax on 13th and 14th salaries ((77,000 / 14) x 2) 11,000.00  
Social security contributions (1,883.20)  
For 13th and 14th salaries (620.00)
Assessment basis (6% of 8,496.80)  8,496.80 509.81
Add: 25% special tax on interest and 27.5% on dividends   4,745.75
Income tax liability   14,452.96
Foreign tax credit for WHT on dividends (assume 10% of 7,030)   (703.00)
Total income tax payable   13,749.96