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17 October 2012
The stability law, which was passed in October 9, 2012, establishes an increase in the value added tax by 1 % as of July 01, 2013. This means that value added tax is increased from 21 % to 22 %.
This increase in the value added tax was already established in the supplementary budget of 2011: from July 01, 2013 to December 31, 2013 value added tax was meant to be temporarily increased by 2 % to 12 % and 23 %, only to see a permanent reduction by 1 % to 11 % and 22 % by January 01, 2014 provided that no tax reform comes into effect before June 30, 2013.
The stability law has brought forward the increase from 21 to 22 % in the value added tax from January 01, 2014 to January 01, 2013 regardless of a possible tax reform. The reduced tax of 10 % remains stationary for the time being.