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Austria Publishes Law for Temporary 5% VAT Rate

|Approved Changes|Austria
Austria

On 7 July 2020, Austria published in the Official Gazette the law providing a temporary VAT rate of 5% for the serving of meals and beverages, publications, including books, newspapers, etc., and certain other supplies. The 5% rate applies for sales carried out after 30 June 2020 and before 1 January 2021 (i.e., from 1 July to 31 December 2020).

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