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Canada-Austria Tax Treaty - New Protocol - by Brian Mustard 

Global Tax Adviser


March 27, 2012


Brian Mustard
Montreal, Transfer Pricing


Canada and Austria signed a second Protocol amending the Canada-Austria tax treaty on March 9, 2012. The Protocol amends Article 26 of the treaty to reflect the standard developed by the Organisation for Economic Cooperation and Development (OECD) for the exchange of tax information. The treaty, which was initially signed in 1976, was previously amended by the first Protocol signed in 1999.

The second Protocol, which will enter into force on the first day of the third month following the later of the dates that Canada and Austria complete their ratification procedures, will take effect for taxation years beginning on or after January 1 of the calendar year following the year of its entry into force. For example, if the Protocol is ratified in September 2012, it will enter into force on December 1, 2012 and its amendments will affect taxation years beginning on or after January 1, 2013.


For more information, contact your KPMG adviser.

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