The Austrian Ministry of Finance has announced the draft Annual Tax Act 2018, including measures to comply with the Anti-Tax Avoidance Directive (ATAD1). Some of the main measures of the draft legislation include: The adjustment of current exit tax rules to bring them in line with ATAD1, which includes reducing the number of tax payment installments from seven to five; The introduction of CFC rules in line with ATAD1, including that foreign entities may be considered CFCs if more than 50% owned by Austrian residents either alone or with associated enterprises and the specified passive income of the foreign entity...