Amendments to Austrian tax law — restrictions to interest and royalty deductions

Tax Insights ()
On 29 January 2014 the Austrian Ministry of Finance published a number of amendments — “Abgabenänderungsgesetz 2014” — to Austrian tax law; some of which reflect the ongoing international debate on “Base Erosion and Profit Shifting” (BEPS). One of the new regulations concerns the restriction on the deductibility of interests and royalties paid to related parties.