Mazars Central and Eastern European Tax Guide 2022
The guide offers up-to-date information on taxation in 22 European countries, including labor costs, corporate profit taxation, and transfer pricing. The guide serves long-term investment decisions by analyzing long-term taxation trends and fundamental changes in the tax regimes, both in comparison with each other and to previous years.
In addition to the Visegrad Group, the guide analyses the tax regimes of the South-Eastern European countries, Germany, Austria, Moldova, Ukraine, and the Baltic States, focusing on changes and trends in the tax regimes.
Key findings:
- The region's tax wedge remains relatively wide, ranging between 15 and 51%.
- Countries maintain a characteristically different approach to income taxation and tax relief for families with children.
- VAT remains the prime source of tax revenues in the listed countries; digital technologies have visibly improved the efficiency of tax collection
- There are still significant differences in the approach to corporate taxation in the region.
Highlights for 2022- Austria:
- Austria currently has a corporate income taxe rate of 25%. In 2023 the tax rate will be reduced to 24% and in 2024 to 23%.
- In Austria the harmonized EU-VAT-system applies. The general rate for the sale of goods and services is 20%. Reduced rates of 10% or 13% apply, for example, for agricultural products, rentals with a residential purpose, entertainment and art. Many exemptions are in place (e.g. exports, interest, insurance premiums, real estate).
We hope and trust that our readers will find this summary useful and inspiring. We also included the contact information for Mazars offices and experts.
We also published the guide on a dedicated interactive online platform as a comprehensive web guide. Here, in addition to the online country profiles, the country specific materials allow for comparison with regard to certain aspects of the tax systems.