Today in Austria: A Roundup of the Latest News on Thursday
27 Articles
27 Articles
The "Germany basket" should relieve consumers. Austria lowers VAT on basic foodstuffs – according to experts, the more effective solution. Analysis.
The Austrian government has agreed to reduce the value-added tax (VAT) on basic foodstuffs to just under five percent. The halving of the tax rate is expected to take effect in mid-year, and the list of foodstuffs that will be reduced in price as a result of this measure is still to be determined.
Food is to be cheaper in Austria. For this, the government pushes VAT to under five percent. The competition authority is to ensure that consumers also notice this.
Austria's government is making the fight against inflation a central task in the country. This includes the relief of citizens and companies. In its exam, the coalition agrees on a package.
In view of the high inflation, Austria's government has announced reliefs: VAT will be partially reduced and an industrial electricity price will apply from 2027.
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