BDO World Wide Tax News

12 September 2019

The 52. issue of BDO World Wide Tax News contains the following article about Taxation in Austria. The authors are Stephanie Novosel and Reinhard Rindler from BDO Austria. 

AUSTRIA - Taxation of passive income of “low-taxed” entities​

With effect from 1 January 2019, new provisions concerning the taxation of passive income of “low-taxed” entities came into force in Austria. The provisions introduced a controlled foreign corporation (CFC) regime for the first time into the Austrian domestic law. The new regulations allow a reallocation of income of subsidiaries in “low tax” jurisdictions to the Austrian parent company. The reallocated income is subject to the Austrian corporate income tax at a rate of 25 %. Any foreign taxes paid can be credited against the Austrian tax.

Read more here

Also in this edition:

  • International the world of corporate international tax in 2019 and beyond;
  • France introduces Digital Service Tax;
  • United Kingdom Digital Service Tax to go ahead; and
  • Other international tax news and updates from BDO experts.

To the complete issue of World Wide Tax News