Austria increases reduced VAT rates 2016

Austria has announced in its latest budget a rise in its reduced VAT rates from 1 January 2016.

The current 10% rate will be increased to 13% on the following supplies:

• Hotel accommodation
• Printed books, newspapers and magazines
• Residential property rent

The following goods will remain at 10%:

The standard Austrian VAT rate of 20% will remain unchanged. So too will the special 19% rate for Mittelberg and Jungholz.