On 10 May 2016, the Austrian Ministry of Finance submitted a draft version of the EU Tax Amendment Act 2016 (205 / ME) to parliament for review. The legislation provides for the implementation of the three-tiered transfer pricing documentation requirements developed under Action 13 of the OECD BEPS Project, as well as for the exchange of tax rulings as developed under Action 5 and required under amended Directive 2011/16/EU on administrative cooperation in the field of taxation ({News-2015-12-10/A/2- previous coverage}). Transfer Pricing Documentation The draft legislation includes that MNE groups operating in Austria will be required to submit a Country-by-Country...