- Austria will halve VAT on basic food products and some other foods to just under 5% from July 2026.
- The exact list of affected goods is still being prepared.
- The VAT reduction will be funded by delivery fees from certain countries, especially China.
- Additional measures include reducing electricity fees for households and setting an industrial electricity price of 5 cents/kWh from 2027.
- These steps aim to combat high inflation, which reached 3.8% in December 2025, and improve competition in the food trade sector.
Source: bta.bg
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.
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