According to an announcement from the Liechtenstein government, officials from Austria and Liechtenstein signed a protocol to the 2013 withholding tax agreement between the two countries on 17 October 2016. The 2013 agreement provides for the regularization of untaxed assets of Austrian residents held in Liechtenstein bank accounts. The protocol amends the agreement with respect to the automatic exchange of financial account information between the two countries, which will apply from 1 January 2017.