Since 1 July 2005, fund companies are required to tax amounts for foreign investment funds: "capital yield tax" (Austria´s "Kapitalertragssteuer" or "KESt") and EU withholding tax ("EU-Quellensteuer").
According to the amendment of the Austrian Investment Fund Act of 1 July 2005, capital yield tax for foreign investment funds must be reported to Oesterreichische Kontrollbank AG. Austria's EU Withholding Tax Act enacts the provisions of the EU Savings Tax Directive in Austria.
By providing the infrastructure for investment funds' capital yield tax reporting, OeKB is contributing to make the implementation of these reporting requirements feasible and has thus created the workable basis for the single taxation of these funds.
Further information on Austrian capital yield tax and EU withholding tax