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Austria to Expand Covered Agreements under BEPS MLI

07 December 2022

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Treaty Development

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Austria-OECD

The Austrian Council of Ministers has approved the expansion of covered agreements (tax treaties) under the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This reportedly includes the treaties with Albania, Algeria, Armenia, Azerbaijan, Barbados, Belarus, Belize, Bosnia and Herzegovina, Cuba, Denmark, Egypt, Georgia, Iceland, Iran, Kazakhstan, Kyrgyzstan, Libya, Macedonia, Malaysia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Norway, the Philippines, San Marino, Saudi Arabia, Tajikistan, Thailand, Tunisia, Turkmenistan, Venezuela, and Vietnam. For this to take effect, Austria must deposit a notification to include the additional tax treaties as covered agreements and the respective...