Especially in these economically dramatic times of crisis, the tourism and leisure industry is dependent on state support. Austrian Leading Sights calls for the 13% VAT rate to be reduced to 10%.
Maintaining the 5% tax rate beyond 2021 would have relieved the industry somewhat economically and supported it significantly. However, according to current EU law, the 5 percent tax rate cannot be maintained. “It’s a shame that such essential support is not being maintained in this situation,” comments Klaus Panholzer, Managing Director of Schloss Schönbrunn Kultur- und Betriebsges.m.b.H. and president of Austrian Leading Sights, the current situation. “In order for the industry to have any chance of remaining competitive and getting back on the road to success, the 13% tax rate would have to be reduced to at least 10%,” the club president appeals to the government.
Not only the tourism industry but also the hotel and catering industry would suffer from the 13% tax rate. A final abolition of the 13% VAT rate and thus the establishment of the 10% VAT rate would be essential for the survival of the industry and would also provide sustainable economic relief for many companies.
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