Austria Highlights:
- An EoR (Employer of Record) package is the most efficient and effective way to deploy local and foreign employees in Austria.
- 1WB acts as an EoR ensuring full compliance with country’s regulations.
- The whole deployment process for foreigners takes about 4 weeks whereas for locals within 1 week.
- Handling payroll processing, immigration and taxes compliantly, swiftly and cost efficient.
- Income tax is deducted at source, taking into account the following band rates:
| Taxable income from (EUR) | Taxable income to (EUR) | Rate % |
|---|---|---|
| 0 | 11,000 | 0 |
| 11,001 | 18,000 | 20 |
| 18,001 | 31,000 | 35 |
| 31,001 | 61,000 | 42 |
| 61,001 | 90,000 | 48 |
| 90,001 | 1 Million | 50 |
| Over 1 Million | 55 |
- Corporation tax is flat rate at 25%.
- Social Security Contributions The employees pay contributions in the amount of 18.12% of their gross salary (employee's contribution). The employers contribute 21,32% of the gross salary paid (employer's contribution).
- Work permit - 1WB can sponsor work permits for foreign employees and the processing time is about 6 weeks.