Taxes
Austria — Tax: Wealth Tax
Austria has no wealth tax and no inheritance, estate or gift tax, according to PwC, and its top income tax rate is 55% above EUR 1 million.
VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries — Austria individual other taxesLast reviewed: 2026-10-23
Key facts
- PwC states there is no wealth tax in Austria.
- PwC states there are no inheritance, estate or gift taxes in Austria (the real estate transfer tax applies to transfers).
- Residents are taxed on worldwide income, with a top marginal rate of 55% on income above EUR 1,000,000, to be reduced to 50% after 2029.
- The BMF treaty network page lists conventions on inheritance and gift taxes separately.
Steps
- Current Situation — The current wealth tax system in Austria is not well-defined, and there is ongoing debate about its implementation. It is likely that the tax would apply to individuals with a high net worth, but the specifics are unclear.
- Potential Future Changes — There are ongoing discussions about introducing a wealth tax in Austria, but no concrete plans have been announced. If introduced, it would likely be subject to the same uncertainties as the current system.