Austria issues Tax Act with amendments on CRS

On 22 October 2019, the Government of Austria issued the Abgabenänderungsgesetz 2020 (“AbgÄG 2020”), which is a law modifying taxes (Link). The AbgÄG 2020 amends 10 different Austrian tax laws. In this respect, Article 2 “EU-Meldepflichtgesetz” and Article 8 “Änderung des Gemeinsamer Meldestandard-Gesetzes”, contains amendments related to the reporting requirements within the European Union and the Common Reporting Standard (“CRS”). The changes relate to definitions and general information on CRS reporting.

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