Austria Cabinet Adopts Circular Resolution to Implement EU Directive on Global Minimum Taxation

The Austrian Federal Chancellery Nov. 24 adopted Circular Resolution No. 78a/2, to introduce legislation based on the OECD’s two-pillar model, implementing EU Directive 2022/2523 on global minimum taxation. The resolution supports measures to: 1) introduce a national supplementary tax (NES) and a primary supplementary tax (PES) in Austria; and 2) introduce a global minimum tax of 15 percent for multinational enterprises (MNEs) with global turnover exceeding 750 million euros (US$821.1 million) to reduce the base erosion and profit shifting (BEPS) risks. [Austria, Federal Chancellery, 11/24/23]

Reference: View Circular Resolution No. 78a/2. View Circular Announcement. View Explanation for Circular ...