Austria Publishes Guidance on the Application of the EU DAC6 Reporting Requirements

Austria's Ministry of Finance has published final guidance dated 21 October 2020 on the application of the EU DAC6 reporting requirements as implemented in Austria. As with the draft guidance, the final guidance provides information on the taxes covered, the definition of terms, reportable arrangements, hallmarks and main benefit test, deadlines for reporting, etc.

One of the key points of the guidance is that Austria did not exercise the option to provide a deferral of DAC6 reporting, whic…