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Austria Approves Pending Protocol to Tax Treaty with India

05 June 2017

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Treaty Development

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Austria-India

On 1 June 2017, Austria's Federal Council (Bundesrat) approved the ratification of the amending protocol to the 1999 income tax treaty with India. The protocol, signed 6 February 2017, makes the following amendments: Replaces Article 26 (Exchange of Information) to bring it in line with the OECD standard; Adds Article 26A (Assistance in the Collection of Taxes); and Adds a new paragraph to the original final protocol to the treaty to clarify the application of the new Article 26 (Exchange of Information). The protocol, which is the first to amend the treaty, will enter into force on the first day...