Austria: Domestic Corporate Taxation
Sales Tax and VAT
The standard VAT rate is 20%. A reduced rate of 10% applies to food, books, medicines, hotel accommodation and transportation. Exports are zero-rated.
The areas of Jungholz and Mittelberg are excluded from VAT for the importation of goods.
Small businesses are exempt from VAT if their turnover does not exceed EUR30,000. Traders with a turnover of below EUR7,500 in an assessment period are not required to submit a return.