Money Buzz! Europa

Tag: pub

  • Vienna issues 25 and 50 euro vouchers for restaurant visits

    Vienna issues 25 and 50 euro vouchers for restaurant visits

    In order to boost the restart of coffee houses, bars and restaurants, from May 15, the City of Vienna is issuing catering vouchers worth 25 or 50 euros to all households in the city – depending on the size of the household. 

    ”Our restaurant scene includes 6.500 businesses, which in turn secures around 60,000 jobs in Vienna and 1.4 billion Euro turnover” said Mayor Michael Ludwig. 

    Gastronomy is particularly affected by the Corona crisis – directly due to the “lock-down”, and in the long term also due to the absence of tourists. 

    “The voucher campaign shows that we are fighting for every business and every job,” said Ludwig.

    The ”Vienna Gastro Voucher” campaign runs from June to September.

    950.000 Viennese households will receive the voucher by post, which they can use at a participating location. One-person households receive a 25 euro voucher, households with more people receive a voucher worth 50 euros.

  • Austrian government, €500 million package for restaurants and pubs

    Austrian government, €500 million package for restaurants and pubs

    The Austrian federal government presented a package worth €500 million for restaurants and pubs, a press release show.

    “The catering industry has been particularly hard hit by the corona crisis and therefore needs special measures. We have put together a package of tax relief on the one hand, and support and incentives on the other”, said Finance Minister Blümel.

    What the package includes

    The package includes a reduction of tax on non-alcoholic beverages to 10% until the end of 2020. This corresponds to relief of around €200 million. Simplification and relief through higher lump sums was also announced. The lump-sum limit will be increased from €255,000 to €400,000. 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 is made available for rural restaurants and pubs.

    Further, the maximum limit for tax-free meal vouchers has been raised from €4.4 to €8, the deductibility of business meals in inns increased from 50% to 75% by raising the applicable rate, and the tax on sparkling wine has been abolished.

    “Two brief illustrations: a village inn with a turnover of €115,000 per year currently pays €3,670 in taxes, but with these measures, it will pay only €871. Another example: an inn with an annual turnover of €160,000 currently pays taxes of €6,260 but will only pay €2,390 in future” said Finance Minister Blümel.

    The fixed cost subsidy details and changes were presented last week, so that urgently needed monies could reach companies – and especially local landlords – as quickly as possible.