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  • Austrian reduced VAT rates

    The reduced rate on flights within Austria was increased from 10% to 13% since last 1 January 2016. More importantly, the reduced rate on accommodation, concert and theatre tickets will also be increased from 10% to 13% on 1 June 2016. Ever since the start of the financial crisis in 2007, almost all Member States have opted for increasing their VAT rates to compensate the decrease on other tax revenues. Following recommendations of the European Commission and OECD, reduced VAT...