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Austria Implements DAC7 and Other Tax Amendments

27 July 2022

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Approved Changes

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Austria

Austria published the Tax Amendment Act 2022 in the Official Gazette on 19 July 2022. The measures of the Act are generally effective from 1 January 2023. Among other things, the Act provides for the implementation of new rules on the exchange of information on income generated by sellers through digital platforms (DAC7). The DAC7 rules are provided in Council Directive (EU) 2021/514, which was adopted on 22 March 2021 for the amendment of Directive 2011/16/EU on administrative cooperation in the field of taxation. DAC7 is meant to address issues resulting from the use of digital platforms, including that income...