On 17 December 2015, Austria's Federal Council (Bundesrat) approved the Tax Law Amendment Act 2015, which includes new exit tax and equity contributions repayment rules. This completes the parliamentary process as the National Council (Nationalrat) approved the legislation on 9 December 2015.
New Exit Tax Rules
The exit tax rules are amended by replacing the exit tax deferral option with a payment in installments option in cases where Austrian business assets are transferred to an EU or EE…