Discusses pricing formula and other fees, value-added tax (VAT), etc.
Last Published: 7/9/2019

Austrian cost of living ranks at around the highest 30% range among European Union countries.  However given relatively high labor rates in Austria, citizens generally enjoy a comfortable lifestyle.  Austria’s hourly labor costs of $40 per hour rank the 8th highest in the EU, including the cost of social benefits such as mandatory health insurance and pension fund contributions for employees.  The value-added tax (VAT) on most products and services is 20% and is charged at point of sale. Some products have a lower VAT of 10%, including books, newspapers, food products and some pharmaceuticals. Special taxes are levied on luxury goods, fuel, drinks, tobacco, and other items.  These costs and taxes should be considered when pricing products for sale in Austria.
 

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