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Austria Publishes Law Implementing EU Directive on Dispute Resolution — Orbitax Tax News & Alerts

Austria has published the EU Financial Adjustment Act 2019 in the Official Gazette, which includes measures for the implementation Council Directive (EU) 2017/1852 of 10 October 2017. This includes rules to ensure effective resolution of disputes concerning the interpretation and application of bilateral tax treaties and the Union Arbitration Convention, and in particular, disputes leading to double taxation.

The Act enters into force on 1 September 2019 and applies to complaints concerning disputes relating to income or capital generated during tax periods beginning on or after 1 January 2018.