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23. 07. 10. - 15:00

Austria and Israel agree on double tax treaty

Business relationships between Austria and Israel are expected to improve after the countries agreed on a double taxation agreement.

The new ruling means that firms will have to pay just five per cent tax in Israel on interest paid to Austria, while Israeli software development businesses will be exempt from paying tax on royalties from Austria.

The treaty also includes a regulation ensuring Israeli residents in Austria will not have to pay tax on capital gains accumulated in the country, with real estate as en exception.

The agreement is set to become effective shortly as the ratification process is about to be finalised.

Austria and Israel agree on double tax treaty

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