Private Client Tax in Austria


Private Client Tax in Austria

Private Client Tax - Jurisdictional and Institutional Comparisons, The European Lawyer Ref Series, 3rd Edition, London 2015
2015, April 7

Austrian resident individuals are subject to national federal income tax. There are no local income taxes. Any individual having a domicile or permanent abode available in Austria is deemed to be an Austrian resident. Exemptions apply to Austrian resident vacation homes which are not used for more than two months per year. Resident taxpayers are taxable on their worldwide income, whether received in cash or in kind. The individual income tax law contains an exhaustive list of categories of taxable income. Income not falling under any of these categories is not taxable. For individuals these categories are:

  • Agriculture and forestry
  • Professional and other independent services
  • Trade and business
  • Employment income
  • Investment income
  • Rents, lease payments and royalties
  • Other specified income such as certain annuities and capital gains upon the disposal of certain privately held assets

For the original book chapter please click here.


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