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Austria MOF Announces Extension of Tax Relief Measures Due to Coronavirus

Nov. 25, 2020, 5:00 AM

The Austrian Federal Ministry of Finance Nov. 21 announced the extension of tax relief measures provided due to the coronavirus pandemic. The announcement explains extensions to: 1) Dec. 31, 2021, for the reduced 5 percent sales tax rate for the gastronomy, hotel, and cultural industries; 2) March 31, 2021, from Jan. 15, 2021, for tax deferrals and interest waivers; 3) March 31, 2021, for temporary employee measures, such as the exempt treatment of overtime surcharges and certain allowances; and 4) Dec. 31, 2022, for the zero percent VAT rate on deliveries, intra-community acquisitions, and imports of COVID-19 vaccines and tests. ...