Annual budget statement – Austria announcement

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It was announced in the annual budget statement that the Austrian reduced VAT rate will be increased from 10% to 13% for most goods and services, including livestock, seeds, cultural services, museums, zoos and hotels. These changes will take effect from 1 January 2016, with the exception of hotel accommodation, which will increase from either 1 April or 1 May 2016. It was also confirmed that there would be no change to the standard rate of VAT at 20% and the current 10% reduced rate will still continue to apply to food and pharmaceuticals.

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