Austria lowers taxes on bicycle repairs | Ride MTB

Austria lowers taxes on bicycle repairs

Austrian lawmakers are showing how it's done: the VAT rate for bicycle repairs is being reduced from 20 to 10 percent. The aim is to strengthen an existing trend, as repairing bicycles is ecological, sustainable and creates regional added value.

The planned Austrian tax reform provides for a tax reduction for so-called minor repairs. If shoes, leather goods, clothes or bicycles are repaired, only 10 percent VAT will be charged in future instead of the current 20 percent. The VAT reduction will not apply to repairs to cars.

This tax reduction is part of an investment package for climate protection. One billion euros is to be invested in the fight against the climate crisis in both 2020 and 2021. According to the Austrian federal government, this will create jobs, regional added value and ensure a better future. In addition to tax cuts for repairs, funds are also to be released for the areas of renovation, renewable energy and research.More on this in the ORF report:
https://tvthek.orf.at


Note: This content has been automatically translated from German. Please report any incorrect translations.