On 24 November 2015, the Austrian government submitted to parliament a draft of the Tax Law Amendment Act 2015, which includes New Exit Tax and Equity Contributions Repayment Rules.
New Exit Tax Rules
The government proposes amending the exit tax rules by replacing the current exit tax deferral option with a payment in installments option in cases where Austrian business assets are transferred to an EU or EEA Member State with which Austria has entered into an information exchange and enfo…