Through the tax representation, investment funds gain a transparent status and are more attractive to investors in the Austrian market.

Regarding the taxation of funds, a distinction is made between:

• Fiscally non-transparent funds that are subject to a flat tax (typically noticeably higher)
• Fiscally transparent funds that are taxed by means of calculations according to the fund result.

In this context, Erste Bank offers tax representation for foreign investment funds.

Taxation is then carried out in accordance with the Income Tax Act in conjunction with the Investment Fund Act and the Investment Fund Guidelines.

The calculated tax data is transmitted to the "Oesterreichische Kontrollbank AG" (OeKB) and published on its website. OeKB forwards the data to the Austrian custodian banks.

Our team has several years of experience and cooperates with close to 150 international fund companies. To ensure correct taxation, we are in regular contact with external and internal experts to make sure that the current legal situation is included in the tax calculation, even when new issues arise.