Austria Amends CFC Rules to Avoid Double Taxation in Relation to Pillar 2
According to recent reports, the Austrian parliament has approved amendments to the country's controlled foreign company (CFC) rules in order to avoid double taxation issues in relation to the Pillar 2 global minimum tax rules. In particular, amendments to § 10a of the Austrian Corporate Income Tax Act were approved to provide that any Qualified Domestic Minimum Top-up Tax (QDMTT) levied in the…
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