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Generic Tax Name Levy on banks
Tax name in the national language Stabilitätsabgabe
Tax name in English Levy on banks
Member State AT-Austria
Tax in force since 2011/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Levy on banks (financial stability contribution - Stabilitätsabgabe) BGBl. (Federal legal gazette) I No. 111/2010, as last amended by BGBl. I No 98/2014.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments
 
Geographical Scope

Austria

 
Taxpayers

Tax payer and debtor is the bank.

 
Tax object and basis of assessment
  • Levy calculated as a percentage of a bank’s balance sheet totals after subtracting secured deposits, equity and trust transactions.
  • Additionally levy on the trading volume of derivatives.
 
Deductions, Allowances, Credits, Exemptions
 
Rate(s) Structure
  • The levy is structured progressively, with a rate of 0 per cent for the bracket up to € 1,000 million, 0.009 per cent for the bracket up to € 20,000 million, and 0.11 per cent for any amount exceeding this threshold.
  • a special contribution for the years 2012 - 2017 has to be paid. The levy is increased each year by 25% for 2012-2014 and by 45% for 2015-2017. This special contribution is deposited in the state fund for measurments to ensure the stability of the financial market.
 
Tax due date

Tax liability arises on the 1st of January of the year the levy accruse. The tax declaration must be submitted by 31 October of the year the levy accruse. Self-assessment of the levy by the bank. Quarterly prepayments have to be made.

 
Tax collector

Federal tax administration

 
Special features
 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 582.90 EUR 0.18
2011 510.00 EUR 0.17

Comments

The tax is not yet assigned to an ESA 2010 code.