The Austrian Federal Ministry of Finance endeavours to provide the necessary forms to enable taxpayers to be exempt from foreign withholding tax in accordance with the respective TDs. However, this additional service depends on the provision of the Austrian Federal Ministry of Finance by the foreign tax authorities themselves. All available forms can be downloaded. 4. In the event of tax disputes, agreements may provide for a two-way consultation mechanism and resolve existing contentious issues. Double taxation treaties (DTCs) are agreements between two or more countries to avoid international double taxation of income and assets. The main objective of the Commission was to distribute the right to tax among the contracting countries, to avoid disputes, to ensure equal rights and security for taxpayers and to prevent tax evasion. It is not uncommon for a company or individual resident in one country to make a taxable profit (income, profits) in another country. It may happen that a person has to pay tax on this income locally and also in the country where it was earned. The stated objectives for the conclusion of an agreement often include the reduction of double taxation, the elimination of tax evasion and the promotion of the efficiency of cross-border trade.

[2] It is generally accepted that tax treaties improve the security of taxpayers and tax authorities in their international transactions. [3] The exemption from withholding tax under the double taxation convention is granted automatically when the recipient of the income informs the payer of the country of residence with which a double taxation agreement has been concluded. In recent years, the development of foreign investment by Chinese companies has grown rapidly and has become very influential. Thus, dealing with cross-border tax issues is becoming one of China`s most important financial and trade projects, and cross-border taxation issues continue to worsen. To solve problems, multilateral tax treaties between countries are established, which can legally help companies on both sides avoid double taxation and tax issues. In order to implement China`s “Going Global” strategy and help domestic enterprises adapt to the situation of globalization, China has made efforts to promote and sign multilateral tax treaties with other countries in order to realize common interests. By the end of November 2016, China had officially signed 102 double taxation treaties. Of these, 98 agreements have already entered into force. In addition, China has signed a double taxation agreement with Hong Kong and the Macao Special Administrative Region […].


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