Austrian Guidance on Mutual Agreement and Arbitration Procedures under Tax Treaties, EU Arbitration Convention, and EU Taxation Dispute Settlement Act

Austria's Ministry of Finance has issued new guidance on mutual agreement and arbitration procedures under Austria's tax treaties, the EU Arbitration Convention, the BEPS Multilateral Instrument (MLI), and the EU Tax Dispute Settlement Act. The guidance provides an overview of the formal and material framework conditions of these procedures in Austria and is intended to serve as a guide for those entitled to an agreement on the process and functioning of a mutual agreement procedure. The gui…