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Austria To Lower VAT On Accommodation

by Ulrika Lomas, Tax-News.com, Brussels

28 February 2018


The Austrian Government will reduce the rate of value-added tax on accommodation this year in an attempt to boost the country's tourism sector, Elisabeth Kostinger, Minister for Sustainability, Agriculture, and Tourism, has announced.

Supplies of hotel accommodation in Austria are currently subject to VAT at the reduced rate of 13 percent. Under the Government's plans, approved by the Council of Ministers on February 28, these supplies will be included in the 10 percent lower rate of VAT.

The VAT cut is expected to become effective from November 1, 2018, in order to provide the hotel sector with sufficient time to prepare for the change.

TAGS: VAT rates | tax | value added tax (VAT) | law | travel and tourism | Austria

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