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…