On December 21, 2021,the Austrian National Council approved Federal Law Gazette I No. 227/2021 which contains tax relief and tax payment simplifications in response to the COVID-19 pandemic. The key amendments in the Austrian VAT Act to take in consideration are:
The law was published by Austria’s Official Gazette presenting the approved amendments on various Tax Acts, including Value Added Tax (VAT) Act 1994. The other Tax Acts amended and included in this publication are the Income Tax Act 1988 (EStG), Corporate Tax Act 1988 (KStG), Beer Tax Act 1995, Sparkling Wine Tax Act 1995, Tobacco Tax Act 1995, and more.