Tag: Austria
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Austrian Transfer Pricing Documentation Act (VPDG)
The Austrian Transfer Pricing Documentation Act (Verrechnungspreisdokumentationsgesetz, VPDG) was enacted on August 2, 2016, and is effective for fiscal years starting from January 1, 2016. This law implements the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan 13 recommendations and establishes mandatory transfer pricing documentation requirements for multinational enterprise (MNE) groups with entities in Austria.…
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Country-by-Country Reporting (CbCR) Regulation in Austria
Austria has implemented Country-by-Country Reporting (CbCR) regulations in line with the OECD’s BEPS Action 13 framework and EU Directive 2016/881. The Austrian Ministry of Finance (BMF) oversees CbCR compliance, ensuring that multinational enterprises (MNEs) with operations in Austria adhere to international tax transparency standards. This guide provides CFOs and tax professionals with an in-depth understanding…
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How CbC reporting is presented in Austria
Country-by-Country (CbC) reporting is a new initiative aimed at promoting transparency and accountability in multinational corporations (MNCs). CbC reporting requires MNCs to report detailed information on their operations, taxes paid, and employees in each country they operate in. This information is then made available to tax authorities to ensure that companies are paying their fair…
CbC Reporting 