Key commercial and taxation factors that are relevant on setting up a business in Austria

Written and Produced by Pirklbauer Wirtschaftsprüfung & Steuerberatung

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Overview

Austria is a member of the European Union (EU), which comprises 28-member states. Austria has joined the “Eurozone” in which a common currency, the Euro (€) is used. Austria has a high proportion of small and medium sized enterprises.

These numerous and flexible enterprises are an important element of the Austrian economy. Austria is also a leading location for businesses wishing to expand into Eastern and South-eastern Europe. More than 1,000 multinational companies coordinate their operations in this region from an Austrian base.

Some more key figures (2012):

  • Workforce of about 4.1 million people,
  • Level of unemployment 4.3 %,
  • Consumer Price Index plus 2,4%.

This document describes some of the key commercial and taxation factors that are relevant on setting up a business in Austria. The document includes information on:

  • Choice of Legal Form
  • Audit Requirements
  • Taxation
  • Allowances
  • Teamwork
  • Employment
  • Withholding Taxes
  • Miscellaneous

Country Breakdown

8.747

Million

Population

Euro

Currency

$ 386.4

Billion

GDP

83,879

km2