Austria’s tax authorities published a decree in the Official Gazette detailing the requirements for the Transitional CbCR Safe Harbour on 5 December 2024. This is aimed at easing the administrative burden under the new Minimum Taxation Act (“MinBestG”), which came into effect on 31 December 2023.
The decree outlines the prerequisites for the qualified financial statements and country-by-country reports required for the Transitional CbCR Safe Harbour Tests, as stipulated in Article 55 (3) of the MinBestG.
This decree provides greater clarity on how businesses can comply with the new regulations, particularly in regard to the financial data and reporting needed for the safe harbour tests.
The regulation applies retroactively to financial years starting after 31 December 2023.
