On 17 June 2025, officials from Austria and Kuwait signed an amending protocol to the 2002 income and capital tax treaty between the two countries. The protocol is the first to amend the treaty and includes the following main changes:
- The preamble is replaced in line with BEPS standards;
- Paragraph 1 of Article 10 (Dividends) is replaced, including the introduction of a general withholding tax rate of 10% on dividends, with an exemption if the beneficial owner is:
- a Contracting State, a polit…