Overview

Capital
Vienna
Currency
Euro
Date Format
dmy

Taxes

Employer
3.78% - Sickness
3% - Unemployment
12.55% - Pension
1.30% - Accident Insurance
0.85% - Miscellaneous
Employee
3.87% - Sickness
3% - Unemployment
10.25% - Pension
1% - Miscellaneous
0% - Up to 11,000
25% - 1,000 - 18,000
35% - 8,000-31,000
42% - 31,000 - 60,000
48% - 60,000 - 90,000
50% - above 90,000

Minimum Wage

General
There is no official minimum wage. The unofficail excepted amount is 1200 EUR Monthly.

Working Hours

General
Full time employment is considered 8 hours daily, and 40 hours weekly. Ocertime is compensated with an additional 50% in time or money balance.

VAT

General
VAT is 20% standard rate.

Payment

Payroll Frequency
Salaries are regularly paid monthly, however, depending on the agreement between the employee and employer can differ. Additionally payday is agreed upon internally.

Mandatory Benefits

Pension Fund
Austria folllows the three pillar model for pension contribution. 1. The public pilar: 20% tax and 80% contribution. 2. Occupational: contributions by employer and employee based on collective agreements. 3. Independent retirement provision. Under the occupational contributions - employer contributes 12.55%. The employee contributes 10.25%.
Social Security
"Employers contribute a total of 8.93% of workers salary to funds for sickness, unemployment, accidental insurance and other. Employees contribute a total of 7.87% of their salary. The minimum monthly earnings used to calculate contributions are €415.72. The maximum monthly earnings used to calculate contributions are €5,130. "
Additional Salary
There are 14 salary payment annually, 12 monthly salary payments, one months pay for christmas bonus, and one months pay for holiday bonus.
Additional Benefits
"- Employer cont. to family assistance fund: 3.9%
- Surcharge to employer contribution to family assistance fund: 0.36% - 0.44%.
- Employee provision fund: 1.53%
- Municipal tax: 3%
- Metro tax (only for Vienna): 2 Eur per employee/per week "

Termination

Termination Process
Salary employees: Employees working 1-2 years in the company are required to receive 6 weeks notice, 3-5 years receive 2 months notice, 6-15 years receives 4 months and 25+ years receive 5 months. Blue collar workers: Employees working in the company for at least 4 weeks receive 1 week notice, 1 year receives 2 weeks notice, 5 years receive 4 weeks notice and 10 years receive 6 weeks notice.
Advance Notice
Advance notice is one month for white collar workers and two weeks for blue collar workers.
Severance Pay
Employees are entitled to severance pay even if he/she terminated their contract. Payment is offered in two structures: either a lump sum of cash at the time of termination or disbursed payments.