Eternity Law International Ready-made company for sale in Austria

Ready-made company for sale in Austria

Published:
April 15, 2020

What is included:

  • Ready-made company in Austria,
  • Local bank account
  • Legal address

Cost: on request.

As to laws and regulations, a company is regarded a local (resident) if it is registered in the country or managed and controlled from the country.

Local companies meet taxation on income generated domestically and abroad. Foreigners meet taxation only on Austrian income. Permanent establishment is typically taxed similarly to subsidiaries.

General income tax is levied on company’s net profit. In the structure of profit allocate passive income, active income and capital raise income. Ordinary business expenses can be exempt from taxable income.

Interest on debts received to acquire shares of a company is not exempt if the acquisition is done within a group of entities. Interest and royalties paid to group companies taxed at a current or statutory tax rate of less than 10% are not exempt.

Standard tax rate on corporate income is 25%.

There is an alternative tax which is provided for the development of small and medium-sized businesses. This type of payment is set in fixed amounts. LLC’s pay 1,750 euros per year, and joint-stock companies pay 3,500 euros.

In Austria, payers are obliged to conduct a “self-assessment” and pay advance corporate tax payments four times a year. Returns are being filed only in digital. Application deadline is set on June 30 but it can be extended if a tax consultant represents the company.

Value added tax is applicable to all phases of sale and production. Generally, goods and services that are subject to Austrian VAT, even if they are carried out by the EU entrepreneurs under VAT.

The general rate is 20%. A lower rate of 13% applies to cultural services. The 10% rate is usually applied to housing, food, pharmaceuticals, agricultural products, rental housing and entertainment. Banking operations are free of VAT, and a 0% rate is applied to exports.

Austrian entrepreneurs whose annual turnover is more than 35,000 euros must register as VAT payers.

Non-residents who make taxable deliveries of goods or services in Austria are also required to register as VAT payers.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

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Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7