On 30 November 2022, the Austrian Council of Ministers approved the extension of the application on existing tax treaties under the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).
Accordingly, Austria plans to include 34 countries on the list of affected treaties. The treaty countries include Bosnia and Herzegovina, Cuba, Denmark, Egypt, Georgia, Iceland, Iran, Kazakhstan, Kyrgyzstan, Libya, Macedonia, Malaysia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Norway, the Philippines, San Marino, Saudi Arabia, Tajikistan, Thailand, Tunisia, Turkmenistan, Venezuela, and Vietnam. Austria now must deposit a notification to add the new tax treaty country, and new treaty countries must also include Austria as their treaty partner in their notification.
