Austria: Parliament and Federal Council approve Tax Reform Act 2015/16

29 July, 2015

The parliament (Nationalrat) and Federal Council (Bundesrat) approved the “Tax Reform Act 2015/16 (Steuerreformgesetz 2015/16)” with minor changes on 23 July

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Austria: First Details of Tax Reform

27 April, 2015

The Ministry of Finance published the first details of the planned Tax Reform on 20 March 2015. The amendments will generally be applicable with effect from 1 January 2016. Main changes of the reform are as follows: Individual tax: Reduction of

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Austria: Ministry of Finance Publishes Guidance on Mutual Agreement and Arbitration Procedures

27 April, 2015

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

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Treaty between Austria and Romania: Romanian Ministry of Finance Clarifies Taxation of Interest

24 April, 2015

The Romanian Ministry of Finance (MoF) issued Circular No. 674003 on 20 January 2015, expounding the taxation of interest payments under the Austria-Romania Income and Capital Tax Treaty. Main Changes are: According to article 11, paragraph 2 of

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France and Austria Seek To Launch FTT In 2016

26 January, 2015

France and Austria sought to break deadlocked talks with nine other European countries for a financial transaction tax, by proposing a broader financial transaction tax with a lower rate, in an attempt to push forward delayed plans for a European

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Austria: Ministry of Finance publishes report from Tax Reform Commission

13 January, 2015

The Austrian Ministry of Finance published a report by the Tax Reform Commission on 12 January 2015. The Tax Reform Commission consists of members from the coalition parties and the report was prepared in 2014. The report comprises several proposals

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Protocol to treaty between Austria and Tajikistan approved by Tajikistan

11 January, 2015

Tajikistan's parliament approved the amending protocol on 7 January 2015 which was signed on 13 March 2013, to the Austria - Tajikistan Income and Capital Tax Treaty (2011). Further details of the protocol will be informed

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Taiwan: Income tax treaty with Austria enters into force

06 January, 2015

The Double Tax Agreement (DTA) between Taiwan and Austria entered into force on 20 December 2014. Most of the treaty articles are applied from 1 January 2015.  The agreement was signed on 12 July 2014. Under the provisions of the treaty the

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Austria:  Approves draft version of 2nd Tax Law Amendment Act 2014

23 November, 2014

The government of Austria approves a draft version of the 2nd Tax Law Amendment Act 2014 (2. Abgabenänderungsgesetz 2014) on 18 November 2014, it also submitted  for parliamentary

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Austria:  Gets an extra year to fully comply with Automatically Exchange Tax Data

19 October, 2014

The EU's council in Luxembourg on 16 October 2014 at a meeting the finance ministers decided that Austria being granted an extra year to improve the infrastructure desired to comply with the new law. Under the new law tax authorities in the EU will

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Austria: Published draft version of 2nd Tax Law Amendment Act 2014

12 October, 2014

The Ministry of Finance published a draft version of the 2nd Tax Law Amendment Act 2014 on 1 October 2014, and submitted it for professional review. The 2nd Tax Law Amendment Act 2014 is the introduction of the Law on Mutual Assistance in Fiscal

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Austria: planning for Restructuring Tax Administration

29 June, 2014

Austrian Finance Minister planning for greater fiscal sovereignty for the federal states and municipalities, to decrease administrative costs and finance tax cuts for low earners. He also said that, “tax sovereignty should pass from Government to

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Austria: Government adopts draft bill modifying the Fiscal Criminal Act

12 June, 2014

The Government approved a draft bill modifying the Fiscal Criminal Act 2014 on 11 June 2014, and submitted it for legislative consultations. The draft bill relating to changes the voluntary disclosure rules, and purposes to completion the practice

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Austria Lowers Business Taxes in Federal Budget

11 May, 2014

The Austrian budget for 2014 aims to decrease the labor costs incurred by business and has also proposed the abolition of the capital transfer tax. Wage costs will be lowered by means of a decrease of 0.1 percent in the accident insurance

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Austria Focuses on Income Tax Reform

27 April, 2014

The Austrian Government intends to go ahead with proposals to simplify the income tax system by the second half of 2014, the Finance Minister has announced. He commented that payroll taxes in Austria are too complex and place a compliance burden on

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Austrian Unions drive for lower income tax rates

20 April, 2014

The President of the Austrian Federation of Trade Unions (Ă–GB) has suggested that the income tax on low income employees should be significantly reduced. He suggested that the government should decrease the starting rate of income tax from the

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Guernsey expects to sign a DTA with Austria

16 March, 2014

According to the Guernsey Government, Guernsey expects to sign a double taxation agreement (DTA) with Austria on May 14, 2014. No further details are currently

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DTA between Austria and Taiwan

16 March, 2014

On February 20, 2014, Austria and Taiwan initialed a double taxation agreement (DTA) following three days of negotiations.  No further details are currently

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