The amending protocol to the 1991 tax treaty between Austria and China entered into force on 19 November 2024. The protocol, signed 14 September 2023, is the first to amend the treaty and includes the following changes:
- The title of the treaty is replaced in line with BEPS standards;
- Article 1 (Persons Covered) is replaced, including a new provision that income derived by or through an entity or arrangement that is treated as wholly or partly fiscally transparent under the tax law of either …