On 30 December 2010, Austria and Qatar signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital. The treaty entered into force on 7 March 2012. It will be effective from 1 January 2013.

The main provisions of the treaty are as follows:

Permanent establishment

The term “permanent establishment” means a fixed place of business through which the business of an enterprise is wholly or partly carried on.

The term “permanent establishment” also encompasses a building site, a construction assembly or installation project or any supervisory activity in connection with such site or project, but only where such site, project or activity continues for a period or periods aggregating more than six months within any twelve month period.

Dividends

Dividends paid by a company which is a resident of a contracting state to a resident of the other contracting state shall be taxable only in that other state.

Interest