Skip to content Skip to footer
Search

Loading Results

Austria

Investor tax reporting services

An Alternative Investment Fund (AIF) is generally tax transparent in Austria, which entails a separate tax calculation for Austrian investors. The taxable income (distributed income or deemed distributed income) of the AIF flows through to the investors at the end of the AIF's tax year ("look-through" principle). The investors report their allocable profit of the AIF on their tax returns on an annual basis.

Austrian tax reporting

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

  • Tax representation in Austria;
  • Registration of the AIF with the OeKB;
  • Calculation of the annual deemed distributed income ('DDI');
  • Calculation of the tax base per investor;

  • Electronic reporting of the annual DDI figures and the distribution figures to the OeKB, if required;
  • Monitoring of the reporting deadlines with the OeKB;
  • Supporting the Austrian investors in the assessment of the AIF’s income and individual tax advice for Austrian investors;
  • Assistance in fund structuring: tax analysis of various investment structures for AIF in real estate and Private Equity AIF.

Top

Regulatory reporting services

Classification in accordance with the Austrian Quartalsmeldeverordnung (QMV)

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.

Top

Contact us

Thierry Braem

Alternatives Tax Leader, PwC Luxembourg

Tel: +352 49 48 48 5106

Oliver Weber

EMEA AWM Tax leader, Luxembourg AWM leader, PwC Luxembourg

Tel: +352 49 48 48 3175

Christian Heinz

Global Tax Compliance Leader, PwC Luxembourg

Tel: +352 621 33 2247

Follow us

Want to get in touch and discuss our services in detail?

Required fields are marked with an asterisk(*)

By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive the information from us, you can send us an email message using the Contact Us page.

Hide