On 1 June 2017, Austria's Federal Council (Bundesrat) approved the ratification of the amending protocol to the 1999 income tax treaty with India. The protocol, signed 6 February 2017, makes the following amendments:
- Replaces Article 26 (Exchange of Information) to bring it in line with the OECD standard;
- Adds Article 26A (Assistance in the Collection of Taxes); and
- Adds a new paragraph to the original final protocol to the treaty to clarify the application of the new Article 26 (Exchange of Information).
The protocol, which is the first to amend the treaty, will enter into force on the first day of the third month following the exchange of ratification instruments and will apply from 1 January of the year following its entry into force.