Austria income tax law for 2024 Austria Income Tax Rates for 2024

Austria Income Tax Brackets

Tax Bracket (yearly earnings) Tax Rate (%)
€0 - €11,000 36.50%
€11,000 - €25,000 43.21%
€25,000 - €60 43.21%
€60 and up 50.00%

Austria has a bracketed income tax system with four income tax brackets, ranging from a low of 36.50% for those earning under €11,000 to a high of 50.00% for those earning more then €60 a year.

How does the Austria Income Tax compare to the rest of the world?

The maximum income tax rate in Austria of 50.00% ranks Austria as one of the ten highest taxed countries in the world. Countries with similar tax brackets include Netherlands with a maximum tax bracket of 52.00%. Keep in mind that our ranking measures only nationwide income taxes, and does not account for local income taxes at state, province, or municipal levels.

Austria Income Taxes
Maximum Income Tax Income Tax Allowance World Tax Rank
50.00% €0 ($0 USD) 2nd of 34

What is the Austria Income Tax?

Austria's personal income tax is a bracketed income tax that must be paid yearly by all citizens to the government of Austria. Failure to pay, or underpayment of, the Austria income tax can result in high fees, fines, or jail time.

In addition to Austria's income tax, other taxes may apply to wages or profits earned, including social services, medical care, and capital gains taxes.

Austria Income Tax Allowance

Austria provides most taxpayers with an income tax allowance of €0, which can be kept as a tax-free personal allowance. Austria's tax credit is a

A tax credit is a fixed amount of money that may be kept by taxpayers without paying any income taxes. Generally, a tax credit is subtracted from your gross income before your taxable income is calculated.

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