Austrian National Council Considering Draft Law for Public CbC Reporting

The Austrian National Council (lower house of parliament) is considering the draft CBCR Publication Act – CBCR-VG (327/ME), which was submitted by the Federal Ministry of Justice on 3 April 2024. The draft law provides for the introduction of public Country-by-Country (CbC) reporting as required by Directive (EU) 2021/2101 (previous coverage). The draft law is in line with the Directive, including a public reporting threshold of annual consolidated revenue of EUR 750 million in each of the l…