DOING BUSINESS IN AUSTRIA

Posted By Romain Ponsot on Oct 6, 1907 in Doing Business


Date de publication : 06-10-1907

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Complete list of the other countries…

 

The following information are for the sole purpose  of providing a general overview of  the local taxation of the Corporate tax aspects of the country. In any case, it can not replace a tax advice, or be considered as an official information.

 

Yes we tax in Austria

 

Flash News

No specific information

Local tax advisors

No specific information

Useful links

Website Ministry of finance: Click here

 

VAT identification number within EU:

Permanent Establishment

No specific information on Permanent Establishment

Corporate Income Tax

25%

Non deductible expenses :

– Unreasonable expenses related to the private area (cars, boats, …)

– hidden profit distributed

– gifts and donations to political parties

– panalties

– Income tax (and other similar taxes)

Carry forward: Yes, but limited to 75% of the income of the year

Carry Loss: No

Quarterly prepayments of CIT on the basis of the last fiscal year.

Whithholding Taxes (payment to foreign companies)

The local tax rates in Austria are the following, subject to the provisions of an applicable double tax treaty, if any.

No branch tax

25% in General

0% under EU Directive

0%

No WHT on management fees

20% on technical Fees / Royalties

Capital gains

Taxed under CIT (regular business income)

VAT

Standard 20%

Reduced 10% / 13%

Refund of input VAT in excess according to the EU Directive 2008.

The refund shall be paid by the tax administration before the 30th June of the next year.

No specific information

Miscellaneous

Generally 5 years

10 years for tax evasion

In theory, no foreign exchange control

In theory, no thin capitalization rules in Austria.

 

 

 

Do not hesitate to share your experience in Austria with us in the comments below. Any comments are welcome !

 

Romain Ponsot

Romain est conseiller en fiscalité au sein d’un leader mondial du shipping. Grâce à son expertise tant en matière de TVA, fiscalité internationale, problématiques intragroupe qu’en matière de fiscalité des particuliers, Romain vous guidera au travers d’articles professionnels et humoristiques. 

Romain, poète dans l’âme, aime particulièrement le couscous et passe beaucoup de temps à glacer ses souliers. Profil LinkedIn
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