Austria: Pillar Two CbCR Safe Harbour Regulation enters into force
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
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Austria updates CFC rules to prevent double taxation under Pillar Two
Austria's parliament has amended its CFC rules to avoid double taxation issues under the Pillar Two global minimum tax framework. Amendments to Section 10a of the Austrian Corporate Income Tax Act have been approved and now require that Qualified
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Austria, China amending protocol to tax treaty enters into force
The amendment to the 1991 tax treaty between Austria and China came into force on 19 November 2024. The protocol, signed on 14 September 2023, introduces several updates to modernise the agreement and align it with global tax standards. The
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Austria gazettes Progression Compensation Act 2025
Austria published the Progression Compensation Act 2025 (Progressionsabgeltungsgesetz 2025, PrAG 2025) in the Official Gazette on 9 October 2024, implementing relief measures announced by the Ministry of Finance in July 2024, The Act primarily
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Austria: Appointment of alternative Pillar Two taxpayer due by December
The appointment of an alternative Pillar Two taxpayer in Austria, for taxpayers operating on a calendar year basis, is required to be submitted to the relevant tax office by 31 December 2024. Evidence of this appointment must be uploaded to
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Austria enacts Inflation Relief Bill 2025
Austria published the Bill on Inflation Relief for Taxpayers in 2025, known as the Progressionsabgeltungsgesetz 2025 in the Official Gazette (BGBl. I Nr. 144/2024), on 9 October 2024. This Act adjusts the main tariff components and deductible
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Argentina approves pending tax treaty with Austria
Argentina's Chamber of Deputies approved the laws for the ratification of the pending income and capital tax treaties with Austria on 1 October 2024. This treaty aims to prevent double taxation between the two nations. Signed on 6 December
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Austria approves negotiation of income tax treaty with Libya
The Austrian Council of Ministers has approved the negotiation of an income tax treaty with Libya on 4 September 2024. A tax treaty is a bilateral agreement between two countries designed to address double taxation on both passive and active
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Sri Lanka to sign first income tax treaty with Austria
At a press briefing on Cabinet decisions from 2 September 2024, Sri Lanka's Cabinet announced its approval for signing an income tax treaty with Austria. According to the convention, Sri Lanka will be taxed at a rate not exceeding 10% of the
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New Zealand, Austria tax treaty protocol now in effect
The amending protocol to the 2006 income and capital tax treaty between Austria and New Zealand was enacted on 29 August 2024. Signed on 12 September 2023, this protocol represents the first amendment to the treaty. The main changes are as
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Austria generates additional EUR 185 million in tax income from AI
The Austrian Ministry of Finance has announced that the use of artificial intelligence has generated approximately EUR 185 million in tax revenue in 2023 from income tax, corporation tax, and value-added tax. The Predictive Analytics Competence
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Austria enacts Tax Amendment Act 2024
Austria has enacted the Tax Amendment Act 2024, the law was published as Law No. 113 in the Austrian Official Gazette on 19 July 2024. The Tax Amendment Act 2024 came into effect on 20 July, 2024. Key highlights Country-by-Country
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Austria approves public CbC reporting
Austria's Federal Council approved the CBCR Publication Act (CBCR-VG) on 11 July 2024, following earlier approval by the National Council. This new law aligns with EU Directive 2021/2101, requiring public disclosure of Country-by-Country (CbC)
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Austria passes Tax Amendment Act 2024, introduces changes to VAT
Austria's Federal Council (Bundesrat) approved the Tax Amendment Act 2024 (AbgÄG 2024) on 11 July 2024, following its earlier approval by the National Council (lower house of parliament). The Act introduces several changes, particularly to Value
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Austria to negotiate first tax treaty with Bangladesh
The Austrian Council of Ministers approved the negotiation of an income and capital tax treaty with Bangladesh on 3 July 2024, according to information published by the Federal Chancellery. A tax treaty, also called double tax agreement (DTA) is
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Austria issues decree responding to Belarus suspension of tax treaty provisions
Austria's Federal Ministry of Finance issued Decree No. 2024-0.459.298 in response to Belarus' decision to suspend certain articles of the Austria-Belarus Income and Capital Tax Treaty on 27 June, 2024. The decree addresses Belarus' unilateral
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Austria: Parliament considers bill to amend tax laws
On 12 June 2024, Austria’s lower house of parliament approved Bill No. 2610 dB for consideration. This bill proposes key amendments to the Tax Amendment Act 2024. The bill focuses on three main measures: Deduction of grants for
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Austria updates list of jurisdictions under AEOI-CRS
Austria published a revised list of jurisdictions involved in, and subject to, the automatic exchange of financial account information under the Common Reporting Standard (CRS). The updated list replaces the one published in June, 2023, and comes
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