Austria is located in Central Europe and has a territory of 84,000 square kilometers. Austria borders Czech Republic, Germany, Hungary, Italy, Liechtenstein, Slovakia, Slovenia and Switzerland. The capital city of Austia is Vienna, the largest city and the location of key government insitutions. Austria has a population of 9 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 25%. Tax returns are filed on an annual basis. Advance income tax payments can be made on a quarterly basis
- Dividend withholding tax - 25% or 27,5%
- Interest withholding tax - Standard tax rate 0%
- Royalties withholding tax - 20%
- Capital gains tax - 25%
- VAT - Standard tax rates 19% or 20% or reduced rates from 0% up to 13% or tax exempt. Tax returns are filed on a monthly, quarterly or an annual basis
- Personal income tax - from 0% up to 55%.
The following are the most common types of companies to incorporate a company in Austria as:
- Limited liability company (Gesellschaft mit beschränkter Haftung - GmbH)
- Public limited company (Aktiengesellschaft - AG)
- General partnership (Kollektivgesellschaft - KG)
- Limited partnership (Kommanditgesellschaft - KG)
- Silent partnership (Stille Gesellschaft)
- Association (Verein)
- Industrial and Provident Cooperative Society (Erwerbs- und Wirtschaftsgenossenschaft)
- Partnership limited by shares (Kommanditgesellschaft auf Aktien)
- Civil law company (Gesellschaft bürgerlichen Rechts - GbR)
- European company (Societas Europaea)
- Branch office (Zweigniederlassung).
Official currency of Austria is euro (EUR).
GDP growth in Austria for the previous year was around 2%.
Austria is located at the center of Europe, which allows it to also be the center of European business that connects Western and Eastern Europe. On the global ease of doing business index Austria holds 27th place.
A highly-developed eceonomy of Austria is persistently thriving due to a highly-qualified workforce, a competitive industry and a big service sector. Key economy sectors in Austria are industrial and service sectors and also agriculture.
Austria is open for global trade and investments and guarantees to foreign investors comprehensive property protection, as well as a transparent and secure legal and justice systems. Austria is a Member State of the European Union and this imposes obligations to follow all the directives and regulations of the EU, as well as trade agreements, provisions concerning import and export operations. Austria is also a member of the Organistation for Economic Co-operation and Development (OECD), whose headquerters are located in Vienna.