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Details

  • Service: Tax, International Executive Services, International Tax
  • Type: Regulatory update
  • Date: 8/2/2013

Canada - Protocol with Austria to enter into force 

August 2:  Canada’s Finance Department announced that the second Protocol to the income tax treaty between Canada and Austria will enter into force 1 October 2013.

The Protocol amends Article 26 of the treaty to reflect the standard developed by the Organisation for Economic Co-operation and Development (OECD) for the exchange of tax information.


The Protocol will be effective for tax years beginning on or after 1 January of the calendar year following the year of its entry into force. Therefore, because the Protocol enters into force on 1 October 2013, its amendments will affect tax years beginning on or after 1 January 2014.


Read a July 2013 report prepared by the KPMG member firm in Canada: Canada-Austria Treaty Protocol to Enter into Force




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