Common Contracts
1 similar Competent Authority Agreement contracts
Austria Agreement on Deferred PaymentsCompetent Authority Agreement • November 24th, 2022
Austrian Competent Authorities have entered into a competent authority agreement. This agreement provides that the U.S.-Austria Income Tax Treaty signed on October 25, 1956, does not prohibit Austria from taxing deferred payments for services earned by U.S. citizens while working and re- siding in the United States, when such compensation was paid after these em- ployees became residents of Austria. The agreement also confirms, however, that Austria shall deduct from its tax the amount of U.S. taxes imposed on the deferred payments for services, as re- quired by the treaty. The 1956 income tax treaty is applicable for assessment periods up to and including 1998.
