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Capital duty to be abolished in Austria 2016

7. December 2015

Turning Austria into an even more attractive business location

As of 2016 the capital duty will be eliminated in Austria. That means that there will be no taxation on contributions to a company’s equity anymore – it has previously been up to 1% of the assessment basis. The capital duty is a capital transaction tax on the first equity investment and capital increases by Austrian capital companies and “hidden” corporations (GmbH & Co KG). It has also been  imposed on grants, debt waivers, other disclosed or hidden capital contributions as well as profit-related external financings.  

This decision represents a major strengthening of the equity base of Austrian companies and it will promote the attractiveness of Austria as a business location. Especially the additional costs for group intern restructuring  are gone by 2016. Robert Gulla, Managing Director of Lukoil International GmbH says: “Previous competitive disadvantages of the Austrian business location compared to other European countries such as the Netherlands which were very attractive up until now for tax reasons will be compensated for thanks to this measure.”