Draft Budget 2021 submitted to Parliament, including:
- Temporary application of a reduced VAT rate of 5% in the gastronomy, culture and publishing sectors shall be prolonged to last until 31 December 2021
- Introduction of a VAT exemption for COVID-19 in vitro diagnostics and COVID-19 vaccines until the end of 2022
- Reduced Vat rate of 10% to repair services (including repair and modification) relating to bicycles, shoes, leather goods and clothing as from 1 January 2021
- Necessary adjustments to the Austrian VAT Act to reflect the consequences of Brexit after 31 December 2020
Source:
Latest Posts in "Austria"
- Austria Tightens VAT Rules for Luxury Residential Letting
- New 4.9% Super-Reduced VAT Rate on Essential Food Products Takes Effect 1 July 2026
- Austria Plans Tax Office Restructure for 2027
- Austria’s Last-Minute VAT Rate Change: Compliance Challenges for Businesses
- Austria Approves 4.9% VAT Rate on Essential Foods
