Value Added Tax (VAT)

Value added tax legislation has been almost completely harmonised with that of the EU as of 1 January 1995. The standard rate is 20% in Austria, while a lower rate of 10% is assessed on foodstuffs, rental of housing and energy. In addition, there are numerous exemptions, particularly for trans-border traffic involving both persons and goods as well as for export deliveries. Firms that have no turnover in Austria can nevertheless request reimbursement of the prior-tax deduction within six months after year-end.