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The EU member states taking part in the proposed EU financial transactions tax will decide next month whether or not to proceed with the controversial tax, according to Austrian Finance Minister Hans Joerg Schelling. Read Full Story
Taiwan's national tax authority has released guidance on VAT refunds for foreign exhibitors, following a number of questions received from overseas firms. Read Full Story
Austria's air passenger tax will be reduced by 50 percent under proposals approved by the Council of Ministers earlier this month. Read Full Story
Erste Group, one of the largest financial institutions in Central and Eastern Europe, has said its bank tax payments almost tripled in 2016 as a result of a change to Austrian tax law. Read Full Story
Austria's economy recovered more strongly in 2016, supported by tax cuts, the International Monetary Fund said in its Article IV report for the country. Read Full Story
The OECD is seeking taxpayers' input on the mutual agreement procedure frameworks in place in the second batch of countries that will now be peer reviewed under Action 14 of the OECD's base erosion and profit shifting Action Plan. Read Full Story
The withholding tax agreement between Switzerland and the UK will end on January 1, 2017, when a new tax information exchange agreement between Switzerland and the EU enters into force. Read Full Story
The withholding tax agreement between Switzerland and Austria will be terminated on January 1, 2017, when the agreement between Switzerland and the EU on the automatic exchange of tax information enters into force. Read Full Story
Law enforcement agencies from twelve member states and Europol have arrested members of a group responsible for value-added tax fraud worth EUR320m (USD348m). Read Full Story
The Governments of Japan and Austria have agreed in principle to amend their double taxation avoidance agreement to further promote trade and investment between the two countries. Read Full Story
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