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Austria News

Austria Gazettes Law For New Interest Deduction Limitation

by Ulrika Lomas,, Brussels

Friday, January 1, 2021

Austrian lawmakers have signed off on the introduction of new limits on the deductibility of interest expenses for multinational corporations. Read Full Story


Ukraine, Austria To Raise Tax Rates In Double Tax Pact

by Ulrika Lomas,, Brussels

Tuesday, October 20, 2020

Ukraine and Austria intend to revise their double tax agreement to raise rates of tax on cross-border income and introduce measures to combat tax base erosion and profit shifting. Read Full Story


Germany Issues EU Presidency Tax Priorities

by Ulrika Lomas,, Brussels

Tuesday, September 29, 2020

On September 22, 2020, Germany provided further details about the government's tax policy priorities for its presidency of the European Union. Read Full Story


EU Expecting COVID-19 Dent In 2020 VAT Collections

by Ulrika Lomas,, Brussels

Tuesday, September 22, 2020

The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. Read Full Story


UK, Austria Sign Deal On Granting Tax Treaty Benefits

by Jason Gorringe,, London

Monday, September 7, 2020

HM Revenue and Customs has announced that it is has agreed changes with authorities in Austria regarding how the two authorities will deal with requests for relief under the two countries' tax treaty. Read Full Story


Austria Gazettes Law For COVID-19 Tax Relief Package

by Ulrika Lomas,, Brussels

Monday, August 31, 2020

Austria has published in its Official Gazette legislation to give effect to tax relief measures included in a recent COVID-19 economic stimulus plan, which among other measures extends the temporary 55 percent top rate of personal income tax. Read Full Story


Austria To Apply Personal Income Tax Cut In September

by Ulrika Lomas,, Brussels

Friday, August 7, 2020

The Austrian Government has confirmed that a personal income tax cut approved by the Cabinet last month will be introduced in September. Read Full Story


US Businesses Urge Against Starting A Digital Tax 'Trade War'

by Mike Godfrey,, Washington

Friday, July 24, 2020

The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries' unilateral responses. Read Full Story


EU Refers Netherlands To ECJ Over Beneficial Ownership Registry

by Ulrika Lomas,, Brussels

Friday, July 10, 2020

The European Commission is taking action against the Netherlands for failing to fully implement the Fourth Anti-Money Laundering Directive in respect of the availability of information on entities' beneficial owners. Read Full Story


Austria And Italy Sign Frontier Worker Tax Agreement

by Ulrika Lomas,, Brussels

Friday, July 10, 2020

Austria and Italy have signed an agreement clarifying the tax rules for frontier workers who are working at home due to the COVID-19 pandemic. Read Full Story



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