UK Based Global VAT and Tax Consultants

Austria Update

Austria has reduced the applicable VAT rate for certain services for the period 01.07.2020 to 31.12.2020. A reduced VAT rate of 5% applies to hospitality services (supply of food and beverages in restaurants, catering), the tourism sector (accommodation in hotels, campsites) and to art and cultural events (admission to theatres, cinemas, concerts), as well as to the sale of magazines and books.