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20.04.2018

Annual Tax Act 2018: Substantial changes to Austria’s international tax law rules

On April 9, the Austrian Ministry of Finance has published the draft bill for the Annual Tax Act 2018 (Jahressteuergesetz 2018) which includes substantial changes to Austria’s international tax law rules. In particular and most prominently, the draft includes a new CFC-regime as a first step in implementing Articles 7 and 8 of the EU Anti-Tax Avoidance Directive (“ATAD”) (EU) 2016/1164 in order to meet the deadline of 1 January 2019 as set by the Directive. [read more]

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