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Austria Shares Vat Already Reduced to Food and Tea with One Third of Its Electricity Costs to Heat One of the Largest Inflations in the Euro Area.
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Austria has decided to halve the already low VAT on food and cut electricity prices by a third in an effort to curb one of the highest inflation rates in the eurozone, Bloomberg reports. Starting in March 2026, more than 400,000 households will benefit from lower energy prices. Verbund, the country's main electricity producer and supplier, will apply the reduction to both household and business consumers. For a household with an annual consumpti…
The Austrian government coalition recently agreed on a set of tax reductions and subsidies to reduce costs.
·Ilfov County, Romania
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