According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed a competent authority arrangement on the exchange of Country-by-Country (CbC) Reports with Austria on 16 August 2018. The arrangement is operative (effective) from the date it was signed.
The arrangement provides that pursuant to Article 25 (Exchange of Information and Administrative Assistance) of the 1996 Austria-U.S. tax treaty, each competent authority intends to automatically exch…