Taxes

Austria's National Budget: EUR 22.5 Billion Deficit

The Covid-19 crisis has severely impacted Austria's economy and national budget. The Ministry of Finance has issued its financial results for the year 2020, which shows a deficit of EUR 22.5 billion. Higher expenditures for measures in connection with Covid-19 and a decrease in public levies are the main reasons for the bad results.

February 3, 2021

Corona Package of EUR 500 Mio to Relief the Catering Industry

The Austrian coalition government today introduced a bill in the National Council that specifies the tax relief for the catering and restaurant industry. The tax on sparkling wine will fall and the value added tax on non-alcoholic beverages will be reduced.

May 13, 2020
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