Coronavirus: Hospitality and cultural sectors: VAT to be reduced to 5%

At a press conference on 13 June, Finance Minister Blümel announced a temporary reduction in the VAT rate to 5% in the hospitality and cultural sectors. Examples cited include the sale of all food and drink in catering establishments, visits to museums, cinemas or music events, and newspapers, other periodicals and books.

This tax reduction is intended to be limited to the period from 1 July 2020 to 31 December 2020.

Tax deferrals are extended until January 15, 2021

In addition, companies will be supported with an automatic extension of tax deferrals until 15 January 2021.

Source https://www.bmf.gv.at/presse/pressemeldungen/2020/juni/mwst-senkung.html

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