Austria and Romania Signed Tax Agreement

Austria and Romania Signed Tax Agreement

Austrian Financial State Secretary Andreas Schieder and Romania’s ambassador Silvia Davidoiu signed a bilateral double taxation agreemen between two countries.

The signed agreement accords fully with the new OECD standard. It will serve to increase transparency and legal certainty in tax matters for investors of both countries.

Austria has already invested in Romania over the past few years. Now Austria is the second largest foreign investor in Romania. The signing of the tax treaty will attract more investments to Romania and will help to maintain economic growth in the country.

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