Austria

Last Update by Katie, 06 Jun 2024

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Exchange Rate

13 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Vienna

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (EUR)
McDonalds Set Meal 10
Monthly Train and Bus Tickets 40
3 Bedrooms Rental (City Center) 1,917
3 Bedrooms Rental (Outskirt) 1,341

Current Inflation Rate

5.6%

Wage

Minimum Wages

  • Depends on the type of industry and collective agreement -minimum 1,500 EUR per month

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (EUR)
Entry-Level
Fresh Graduate
1,800
Mid-Level
5 Years
3,000
Experienced & Managerial Level
10 Years
6,000
Specialized & Senior-Level
15 Years
8,000

Annual Salary Growth

3%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Health Insurance 3.87%
Contribution base capping at 6,060 EUR per month
3.87% All Staff
Accident Insurance 1.10%
Contribution base capping at 6,060 EUR per month
- All Staff
Pension and Disability Insurance 12.55%
Contribution base capping at 6,060 EUR per month
10.25% All Staff
Unemployment Insurance *2.95%
Contribution monthly base capping
1,951.00 EUR - 0%
1,951.01 – 2,128.00 EUR – 1%
2,128.01 – 2,306.00 EUR – 2%
Above 2,306.00 EUR - 2.95%*
2.95% All staff
Wage Protection in Bankruptcy Proceedings Act (IESG) 0.10% - All Staff
Chamber of Labour Levy (AK) - 0.5% All Staff
Housing Subsidy Contribution 0.50%
Contribution base capping at 6,060 EUR per month
0.50% All Staff
Bad weather compensation 0.7% 0.7% Staff to who have bad weather regulations in the construction industry
Family Burdens Equalisation Levy(FLAF) 3.9% - All Staff
Severance Guarantee Fund (Mandatory) 1.53% - All Staff
Municipal Payroll Tax 3% - All Staff
Chamber of Commerce Tax 0.4% - All Staff

Other Benefit

Other common employment benefits in Austria include:

  • 13th and 14th salary - 13th paid in November/ December, 14th paid in June/July (required by collective agreements)
  • Public transport ticket : Around 50 EUR per month
  • Meal vouchers: Up to 8 EUR per day

Income Tax

Residents

  • Tax period: 1st January - 31st December
    Filing Due Date: 30th April

Country Level

Taxable Income Rate
0-11,693 0%
11,693-19,134 20%
19,134-32,075 30%
32,075-62,080 41%
62,080-93,120 48%
93,120-1 million 50%
over 1 million 55%

Non-residents

  • Depends on the double taxation agreement between countries. Typically, only income originating in Austria is taxed - Tax rate from 20% to 55%

Working Hours

Statutory

40 hours
8 hours, 5 days a week

Typical practice

40/ 38.5 hours (in collective agreements)
Monday- Friday

Overtime

Maximum 60 hours per week

  • Surcharge of 50%
  • 1 hour paid at 1.5 hours regular pay

Employment Contract

Permanent

Probation

1 month

Termination

  • Involuntary termination:1 month notice – can be extended to 6 months
  • Notice period for employers:
    - 1-2 years' service: 6 weeks
    - 3 year's service: 2 months
    - 5 year's service: 3 months
    - 15 years' service: 4 months
    - 25 years' service: – 5 months
  • Severance:
    - Employers deposit 1.53% gross salary to a dedicated severance account

Public Holiday

11 days

Country Level

Date Name
01 Jan New Year's Day
06 Jan Epiphany
01 Apr Easter Monday
01 May Labor Day
09 May Feast of the Ascension of Jesus Christ
20 May Pentecost Monday
30 May Feast of Corpus Christi
15 Aug Assumption of Mary
26 Oct National Day
01 Nov All Saints' Day
08 Dec Feast of the Immaculate Conception
25 Dec Christmas Day
26 Dec Saint Stephen's Day

State/Province Level

Kärnten

Date Name
19 Mar Saint Joseph's Day
10 Oct Plebiscite Day

Leave

Leave Type Entitlement Notes
Annual Leave 25 working days
30 working days
All staff with up to 6 years' service
Staff after 6 years' service
Sick Leave Up to 1 year All staff
Maternity Leave 16 weeks
8 weeks before birth, 8 weeks after birth
Expectant mothers
Parental Leave 2 months minimum Staff with children up to child's 2nd birthday
Childcare Leave 2 weeks Staff with sick children under 12 years old

Reference

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