Austria: MoF proposes draft legislation regarding tax reform for 2019-2020

20 May, 2019

On 8 May 2019, the Austrian Ministry of Finance published a draft bill regarding tax reform for 2019-2020. The main measures of the draft bill are following: -A reduction in the corporate tax rate from 25% to 23% in 2022 and to 21% in

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Austria: Government approves the first part of the digital tax package

15 April, 2019

On 4 April 2019, Austrian Finance Minister and State Secretary are sending the first part of their digital tax package for assessment. The package provides for the introduction of a 5% digital tax on large digital corporations, a liability clause

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Austria publishes the Annual Tax Amendment Act 2018 in the official gazette

01 November, 2018

On 14 August 2018, the Annual Tax Amendment Act 2018 has been published in the Austrian Federal Law Gazette no. 62/2018. The Annual Tax Amendment Act 2018 implements the new horizontal monitoring regime and introduces the CFC

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OECD: Global Forum publishes more peer review reports

16 October, 2018

On 15 October 2018 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published a further seven peer review reports. These reports relate to Austria, Aruba, Bahrain, Brazil, St Kitts and Nevis, Singapore and the

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IMF Comments on Austria’s Fiscal Position

13 September, 2018

On 12 September 2018 the IMF issued a report following the conclusion of consultations in Austria under Article IV of the IMF’s articles of agreement. Austria’s economic recovery is broad-based with output expanding by 3% in 2017, boosted by

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U.S. and Austria sign an agreement on the exchange of country-by-country reports

26 August, 2018

According to an IRS announcement on its website, the competent authorities of U.S. and Austria have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of country-by-country

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Austria: Parliament adopts the annual Tax Act 2018

30 July, 2018

On 11 July 2018, the Federal Council of Austria adopted the text of the Annual Tax Act 2018 as approved by the National Council (lower house) on 4 July. The legislation includes simplifications of tax laws, the abolishment of various fees and

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Austria: Parliament approves Exchange of CbC Reports and Financial Account Information

20 July, 2018

On 11 July 2018, the Federal Council (upper house of parliament) of Austria adopted two declarations as approved by the National Council (lower house) on 4 July 2018. The two declarations are relating to the effective date of the multilateral

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Austria: MOF publishes a draft bill for 2018

14 April, 2018

On 9 April 2018, the Ministry of Finance (MOF) provided a draft bill for an Annual Tax Act 2018 and submitted it for final consideration. With this draft, the EU Anti-Tax Avoidance Directive (ATAD) will be implemented in Austrian domestic law and in

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Slovenia deposited its instrument of ratification of the MLI

25 March, 2018

The OECD announced on 22 March 2018 that the multilateral monvention to implement tax treaty related measures to prevent base erosion and profit shifting (MLI) will first enter into force on 1 July 2018, following Slovenia’s deposit of the fifth

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Israel: DTA with Austria will enter into force on March 1, 2018

31 January, 2018

On March 1, 2018, the Double Taxation Agreement (DTA) between Austria and Israel will enter into force .This will be applicable from January 1, 2019. From this date, the new DTA replaces the existing DTA of

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Austria: Council of Ministers approves the new income tax treaty with Japan

29 January, 2018

Austria's Council of Ministers approved for ratification the new income tax treaty with Japan on 10 January 2018 for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance. The treaty was

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Austria: Federal Council approves MLI to implement tax treaty related BEPS measures

12 July, 2017

On 5 July 2017, the Federal Council of Austria approved the Multilateral Convention to Implement Tax Treaty Related Measures to prevent Base Erosion and Profit Shifting (MLI). Austria must now complete the ratification process and deposit its

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Austria: DTA with Israel approved

10 July, 2017

The Austrian National Council on 29 June 2017, approved the Double Taxation Agreement (DTA) with Israel for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the

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Austria: Approves draft bill on reduced air travel tax rates

13 March, 2017

The government approved a draft bill amending the air travel tax law on 7 March 2017. The draft bill provides for reduced air travel tax rates. Accordingly, the rates will be reduced from EUR 7 to EUR 3.50 for short distance flights, from EUR 15 to

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Austria: Updated the guidance on tax incentives for start-up companies

16 February, 2017

The Ministry of Finance updated guidance on tax incentives for start-up companies on 14 February 2017. The incentives for start-up companies are granted if the following requirements are met: A new company has been set up; The company derives

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Australia, Austria Social Security Agreement expected to be entered into force

12 February, 2017

On 1 March 2017, the Social Security Agreement between Australia and Austria along with its administrative arrangement will enter into force that was signed on 2 August 2016. The agreement and the administrative arrangement will apply from 1 March

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Protocol to treaty between India and Austria signed

07 February, 2017

India and Austria signed a Protocol amending the existing Convention between the two countries for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income on 6 February 2017 in New Delhi. The Protocol was

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