All information about the wage tax compensation (employee taxation), the income tax, payroll tax, allowances and deductions, family allowance, commuter tax and much more can be found here. You will also receive important tips and information about the unemployment benefit, the emergency assistance and the pension in Austria.
The tax revenues and expenditures of Austria are divided into the main categories of the ESA 2010.
Taxation
In order to fulfil its responsibilities, the Austrian government needs revenues. Therefore it collects fees, taxes and some other charges. Under the laws adopted by Austrian Parliament, all citizens must contribute their share of funding for government services.
Tax income
Tax revenue is generally understood to mean all revenue that the government receives on account of the payment of various taxes. Opposed to this are the expenditures, e.g. those which the state does for certain areas per year.
Fiscal expenditure
The tax expenditures of Austria can be subdivided into different task areas. For example, environmental protection, housing, health care, economic affairs, defense, general public administration, public order and security and education. In 2017, government spending amounted to 178.89 billion Euro, in 2018 even 181.19 billion Euro.
Tax revenues and expenditures
In the first step, consider the tax revenues of the year 2017, specifically the income and wealth tax. This amounted to 41,850 million euros, the assessed income tax amounted to 3,951 million euros, the corporate income tax to 7,094 million euros. In addition, there is a wage tax revenue of 25,350 million euros and capital gains of 2,754 million euros. Including consumption and transport taxes of 41,923 million euros and VAT revenue of 28,346 million euros, this results in gross income of 84,821 million euros for 2017. After deduction of 30,467 million euros to states, municipalities and funds, and 2,644 million euros to the EU, net tax revenues amount to 51,709 million euros.
Now, the tax revenues of Austria in 2018 will be illuminated. Here you could record an income and wealth tax of 42,878 million euros, and a assessed income tax of 4,100 million. The corporation tax was 8,500 million euros in 2018, the income tax 27,000 million euros and the income tax revenue 2,900 million euros. Including sales taxes of 2,900 million euros and consumption and traffic taxes of 30,826 million euros, this results in a gross tax revenue of 86,675 million euros, which is levied by taxes to the federal government, federal states and funds (30,826 million euros) and to the EU (2,900 Million euros) is diminished. Net tax income for the year 2018 thus came to 52,949 million euros.
Growth in tax revenues within one year is clearly visible. But now the question arises as to what was the expenditure in the years 2017 and 2018.