EYAustria to enact new interest limitation rule in accordance with EU ATAD as of 2021
|Tax Alerts, Legislation & Policy, Na ...|Austria, European Union
In 2018, Austria did not adopt the regulations of the interest limitation rule under the European Union (EU) Anti-Tax Avoidance Directive1 (ATAD) into national law by 31 December, as required by the Directive. The Austrian Government believed that the domestic regulations of Section 12/1/9 of the Corporate Income Tax Act (CITA) (non-deductibility of interest paid on debt to refinance the…
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