Postponement of new tax reporting scheme for funds in Austria

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Postponement of new tax reporting scheme for funds in Austria

27 January 2016

Operational Tax News

The Tax Reporting Ruling for Funds 2015 has been postponed by another Ruling published on December 21st, 2015

The Tax Reporting Ruling for Funds 2015 will be postponed by 2 additional months from April 4th, 2016 to June 6th, 2016. Tax reportings of deemed distribution amounts and reportings of effective distributions of domestic and foreign mutual and real estate funds to the Austrian Kontrollbank (OeKB) will be effected with the new reporting scheme from June 6th, 2016 instead of April 4th, 2016.

Tax reportings according to the current reporting process can be effected until June 3rd, 2016 – 4 pm latest.

The reporting of the regulatory fund status to the OeKB has been shifted to the period between April 15th, 2016 and May 13th, 2016 accordingly. The management company has to inform the OeKB if the tax registered fund qualifies as mutual fund according to Austrian mutual fund act, Austrian real estate fund, alternative investment fund (AIF) or AIF in real estate. The reporting of the regulatory fund status effected by the Austrian tax representative on behalf of the management company will also be accepted by the OeKB.

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