Restaurants & pubs package amounts to €500 million
Targeted aid for catering establishments in Austria
Restaurants and pubs have been particularly hit by the coronavirus crisis. Not only have establishments had to remain closed for a very long time, but landlords will continue to feel the effects strongly for some time to come. The restaurants & pubs package makes available aid including tax relief, subsidies and incentives to increase consumption.
The measures in detail
The package includes a reduction of tax on non-alcoholic beverages in restaurants and pubs to 10% until the end of 2020. This corresponds to relief of around €200 million. Simplification and relief through higher lump sums were also announced. The lump sum upper limit will be increased from €255,000 to €400,000 annual turnover. By increasing the mobility lump sum from 2% to 4% in municipalities with up to 10,000 inhabitants, and to 6% in municipalities with up to 5,000 inhabitants, more money will be available for rural restaurants and pubs.
Further, the maximum limit for tax-free meal vouchers has been raised from €4.4 to €8 and the deductibility of business meals in inns increased from 50% to 75%, while tax on sparkling wine will be abolished from 1 July 2020.
All information on bmf.gv.at/corona or on 050 233 770 Mon to Thurs, 7:30 to 15:30 and Fri from 7:30 to 12:00.