Austria

After expiry there is generally no right to redemption. If the limitation is invalid the claim remains and businesses must extend or refund. Without an expiry date the thirty year limitation applies.

Since January first two thousand nineteen EU Giftcard rules apply with SPV taxed at issuance and MPV at redemption as detailed in VAT guidelines and practice notes.

Transparent Terms and Conditions on expiry fees and restrictions are mandatory. Unclear or excessively short periods are invalid. SPV and MPV must be strictly distinguished. Distance selling information duties apply.

There is no specific statutory expiry period for Giftcards. If no expiry date is agreed the general limitation period of thirty years applies. Contractual expiry is permitted but must be objectively justified and transparent.