Reduction of the VAT rate to 5% in selected industries
To support the hospitality, cultural and publishing industries in Austria, which have been particularly affected by the COVID-19 crisis, a reduced VAT rate of 5% will be introduced for specific items for a limited period. The reduced rate will apply from 1 July 2020 until 31 December 2020. Hospitality (food and drink) Deviating from Section 10 Austrian VAT […]
VAT reduction for hospitality, cultural and publishing sectors
On 12 June 2020, the Austrian Minister of Finance announced a new supporting measure for the hospitality, tourism and cultural sectors. Accordingly, a reduced VAT rate of 5% will apply for supplies of all food and beverages in restaurants and other catering establishments, as well as for access to museums, cinemas or musical events and supplies […]
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