Austria Announces Tax Reductions, Exemptions for COVID-19 Relief
Austria recently announced measures to support its economy during the COVID-19 pandemic, including tax exemptions for certain imports and reduced value-added tax rates, according to a May 15 KPMG post. The measures include a customs procedure that “provides a tax…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
exemption for imports concerning delivery of another [European Union] country,” KPMG said. The country will also eliminate the VAT rate for supplies of protective masks supplied after April 13 and before Aug. 1, 2020.