Key Features
Up-front registration |
✅ |
Taxation mechanism |
Income based |
Annual reporting |
✅ |
Deadline of the reporting |
7 months after financial year-end |
Special features |
Distributions, mergers, liquidations |
Complex tax adjustments |
Target funds, REIT investments |
Main features
Austrian investors are subject to annual taxation regardless of whether the income of the fund is distributed or accumulated.
AIFs can appoint an Austrian tax representative, who is responsible for the registration of the share classes and for the calculation of the taxable deemed distributed income (‘DDI’) based on the raw accounting data reconciled with the audited financial statements.
The Austrian tax representative, e.g. PwC Austria, has 7 months (following the fund financial year-end) to calculate the taxable income and report—either to investors directly or to Oesterreichische Kontrollbank (OeKB)—the relevant tax buckets. OeKB, an Austrian intermediary bank providing Austrian depository banks with the relevant tax information for further processing, publishes the reported tax figures on their website.
In the event of dividend distribution, the distribution reporting has to be carried out one day before the pay date at the latest. Distribution reporting is optional but favourable for Austrian investors.
Benefits of the regime
In the case the fund is not reporting, the fund will be considered as a "Black Fund" and investors will suffer an unfavourable lump-sum taxation.
Scope of services
Key Features
Target investors |
Investment Funds |
Periodicity |
End of the Quarter (deadline 10 BD) |
Deliverable |
Compilation of a set of templates |
Format |
Standard excel format |
Main features
Austrian pension funds need to provide a quarterly report on their investments to their supervisory authority (the Finanzmarktaufsichtsbehörde), according to the requirements defined in the QMV. In turn, pension funds will require from investment funds they are invested in to provide investment reports under QMV rules.