On 19 November 2021, Austria's National Council (lower house of parliament) approved the pending protocols to the 1985 income and capital tax treaty with South Korea and the 2003 income tax treaty with the United Arab Emirates.
The protocol to the 1985 Austria-South Korea treaty was signed on 14 June 2021 and is the second to amend the treaty. It will enter into force on the first day of the third month after the ratification instruments are exchanged and will apply from 1 January of the yea…