Austria Approves Exchange of CbC Reports and Financial Account Information Under the Mutual Assistance Convention for Earlier Periods

On 11 July 2018, Austria's Federal Council (upper house of parliament) adopted two declarations approved by the National Council (lower house) on 4 July concerning the effective date of the multilateral agreements for the exchange of Country-by-Country (CbC) Reports (CbC MCAA) and for the exchange of financial account information (CRS MCAA), which provide for the relevant exchange of information under the Mutual Assistance Convention. Both declarations note that although the Mutual Assistan…