The Ministry of Finance published guidance on 31 March 2015 regarding mutual agreement and arbitration procedures under tax treaties and under the EU Arbitration Convention (90/436 on the Elimination of Double Taxation in connection with the Adjustment of Profits of Associated Enterprises). The guidance explains the procedures under tax treaties and the EU Arbitration Convention by setting out the legal bases, implementation processes and timelines for resolving disputes.
The guidance also makes reference to the OECD Manual on Effective Mutual Agreement Procedures and contains on overview of Austrian tax treaties containing an arbitration clause.
