Austrian Reduced VAT rate increase
Austrian Reduced VAT rate increase
As part of their 2016 budget Austria have proposed a reduced VAT rate hike raising it from 10% to 13% for the majority of supplies, this is expected to come into force on 1st January 2016, the list of supplies included in this VAT hike are:
Cultural events, including entrance to public museums and galleries
• Livestock and seeds
• Hotels (applies later in 2016)
Whilst staying at 10% will be:
• Supplies of food
• Pharmaceutical products