- Austria will reintroduce 20 percent value added tax on small photovoltaic installations up to 35 kWp
- Austria will impose an additional levy called energy crisis contribution for electricity for system operators
- The VAT exemption introduced last year will be abolished by the beginning of April
- The new government aims to achieve a budget revenue of 175 million euros through the measure
- PV Austria believes that no more than 40 million euros can be generated
- 90 percent of PV companies expect a sharp decline in demand as soon as the VAT exemption is revoked
- The association criticized a decision for extending and strengthening the country’s energy crisis contribution for electricity
- The government’s proposal for the introduction of another levy called electricity industry transformation contribution was not passed
Source: renewablesnow.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Austria"
- Austrian Court Grants Input VAT Refund for Swiss Firm’s Property Valuation Services in 2018
- Austrian Finance Ministry Clarifies VAT Refund Rules: Original Invoices Required for Non-EU Companies
- Austrian Court Clarifies VAT Deduction Rules for Fraudulent Invoices in Construction Sector
- VAT in Austria – A comprehensive up to date guide
- Original Invoices Required for VAT Refund Applications for Non-EU Businesses
