Austria is seen as Germany’s little sister because the two countries have pretty similar laws related to the formation of companies and foreign investments. However, being two separate countries Austria’ taxation system is quite different. Also, the accounting standards an Austrian company must meet are different. Taking into account that accounting is the most important part of running a business, most companies in this country outsource this part of the management to firms specialized in providing accounting services in Austria.
If you want to open a company in Austria and need assistance, you can rely on company formation services provided by our consultants.
Among the accounting services available in Austria are those related to the calculation of the taxes a company must pay. When it comes to the corporate tax, an Austrian company is subject to a 25% corporate tax. Austrian branches of foreign companies are also subject to the same rate when it comes to taxation. However, foreign investors must know that Austria has signed numerous double taxation agreements which provide for significant reductions or exemptions from the income tax. This is one of the most important reasons why foreign shareholders in local companies require accounting services in Austria: so that they can consolidate their taxes and thus reduce the financial burden.
Our company formation agents in Austria can offer more information on the latest changes brought to the taxation system.
If you decide to open a company and outsource the accounting of your business to a specialized firm, you will benefit from the following services:
All accounting services available in Austria are tailored to the company’s needs, which is why it is worth considering a professional firm. You can also save money with the hiring of specialized personnel.
For complete information on the accounting services provided in the country and for company incorporation services in Austria, please contact us.