The pending protocol to the 1999 income tax treaty between Austria and India will enter into force on 1 May 2020. The protocol, signed 6 February 2017, makes the following changes:
- 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 Information).
The protocol is the…