Austria
General Overview
- Currency: Euro (EUR)
- Languages: Daily and business communication in German.
- Public Holidays: Total of 13 days national public holidays.
- Capital: Vienna
- Fiscal Year: Running from Jan 1 to Dec 31.
- Minimum Hourly Wage: Not applicable; varies by sector.
Tax Essentials
- Income Tax Range: Up to 55%.
- Other Taxes: VAT 20%, Corporate tax 25%.
Social Security Contributions
- Employer Charges: From Approx. 21.48%.
- Employee Charges: From Approx. 18.12%.
Employment Contracts & Conditions
- Contract Types: Permanent, Fixed-term, Part-time.
- Trial Periods: Typically up to 1 month.
- Paid Holiday: 25 days annually.
- Salary Payment Frequencies: Monthly.
- Termination Notice: Varies; up to 6 months for permanent.
Legal Benefits for Employees
- Medical Coverage: State (comprehensive healthcare services).
- Common Non-Compulsory Benefits: Additional pension, health insurance.
Hiring Non-Resident/Non-European Workers
- Visa & Work Permits Obligation: Yes, for non-EU/EEA citizens.
- High-Skilled Worker Permits: EU Blue Card, requires a university degree and a job offer with a salary that meets or exceeds the specified minimum threshold.
- Visa & Work Permits Timelines: Up to 3 months for Red-White-Red Card; EU Blue Card process may vary.
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
Benchmark our services and solutions with others !