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