!!!Einkommensteuer

Income Tax is a personal tax. The basis of the income tax is  Income. 
Income is not only the basis of assessment but also the subject and 
source of this tax. It is based on the generation of income and its 
amount varies in relation to total income. The tax-paying capacity of 
the subject is taken into account and a minimum amount of income is 
exempted from taxation. The computation of income tax is based on the 
income of a certain period of time. Income tax is a joint Federal levy 
which is collected by Federal authorities and is shared out between 
the Federal Government, the provinces and the municipalities.

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The legal basis for collecting income tax is the Income Tax Act of 
1988. The calculation of income tax is based on the total amount of 
incomes in the 7 classes of income. Income tax does not apply to 
incomes from other sources, i.e. not included in the 7 classes of 
income (e.g. lottery prizes), these are taxed under separate rules. 
Income tax is a progressive tax and can be reduced by various 
deductions, e.g. special expenses and extraordinary burdens can be 
deducted from the income tax. The calculation of income tax is based 
on an income-tax return; the taxpayer has to pay the tax in advance 
until the formal assessment note is issued. Spouses are taxed 
separately. The Federal Taxation Act provides for tax levy 
regulations. If the taxpayer is employed, the income tax is collected 
at source, i.e. it is collected from the payer of the income and 
delivered to the fiscal authorities ( Lohnsteuer(wage tax)).

!Literature
O. Herzog, F. Jirecek and P. Matusek, Steuerhandbuch 
´94, 1993.


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Generally, All individuals resident in Austria are topic to Austrian income tax on their worldwide income, including income from trade or business,  investments, profession, employment, and property. Planetary Accounting and Marketing give [Income Tax Service in Austria|https://planetaryaccountingandmarketing.com/taxation]. You can visit the site and get more information.

-- [xovob jack|User/xovob jack], Dienstag, 25. Mai 2021, 15:30[{ALLOW view All}][{ALLOW comment All}][{ALLOW edit FreezeAdmin}]