Austria's individual income tax rates for 2009 are progressive 0%-50%, its corporate tax rate is 25% and capital gains on companies are also taxed at 25%.
Dividend income and capital gains from foreign companies are tax exempt under the participation exemption rules. Individuals have reduced rates for 50% of the individual's average tax rate, up to a limit of 25%.
The standard V.A.T. rate in Austria is 20%. There is a reduced V.A.T. rate of 10%. The reduced VAT rate applies to tourism services, food and agriculture.
The Austrian tax year is the calendar year.
For more information on Austrian taxes, please click here.
Update 16/05/2009
Keep more of your money when transferring funds overseas!
If you want to move money abroad, from Austria or to Austria for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Why Fexco
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Main characteristics
Fexco will help you to keep your overseas money transfer costs to a minimum.
| Margin | 0.6% |
|---|---|
| Regulator | FCA |
| Fee | £10 < £5K or Free > £5k |
| Mini | £1K |
| Ccy | All (130 currencies, incl ‘exotics’) |
| Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
Get an online quote today
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.