Investor tax reporting services
Although it is not mandatory, the Austrian tax reporting is key to entering the Austrian market as not reporting the fund has adverse consequences for the investors’ taxable basis. As a result, an accumulated income, also referred to as Deemed Distributed Income (DDI), has to be calculated and electronically reported to investors by an Austrian tax representative.
Austrian tax reporting
Key Features
Target investors |
Retail / Institutional |
Up-front registration |
✅ |
Taxation mechanism |
Income based |
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.
Registration of share classes with Oesterreichische Kontrollbank (OeKB) is necessary to obtain the Austrian tax transparency status for share classes («Reporting Fund»). It is important to verify if your records of share classes are in line with the registered share classes in Austria before each calendar year-end.
Every year, the Austrian tax representative, e.g. PwC Austria, has 7 months (following the fund financial year-end) to calculate the taxable income and report the relevant tax buckets to OeKB based on the raw accounting data reconciled with the audited financial statements. OeKB is an Austrian intermediary bank that provides Austrian depository banks with the relevant tax information for further processing and 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 a "lump sum" taxation at year-end (27.5% tax on the highest between 90% of NAV increase or 10% NAV) instead on the portion of taxable income that would have been determined for a reporting fund.
Scope of services
- Annual and distribution reporting preparation;
- Interim distribution reporting preparation;
- Ongoing tax changes monitoring;
- Tax and fund reporting regulatory watch;
- Consultancy and fund structuring.
Regulatory reporting services
Classification in accordance with the Austrian Quartalsmeldeverordnung (QMV)
Key Features
Target investors |
Pension Funds |
Periodicity |
Quarterly |
Deliverable |
Compilation of a set of predefined template |
Format |
Standard excel format |
Main features
Austrian pension funds need to provide an investments quarterly report to the supervisory authority (the Finanzmarktaufsichtsbehörde), according to the requirements defined in the QMV. In turn, pension funds will require investment funds that they have invested in to provide investment reports under QMV rules.
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