On 11 July 2024, Austria's Federal Council (upper house of parliament - Bundesrat) approved the CBCR Publication Act (CBCR-VG), which was approved by the National Council (lower house of parliament) earlier in the month. The Act provides for the introduction of public Country-by-Country (CbC) reporting in accordance with Directive (EU) 2021/2101, including a public reporting threshold of annua…