(As of September 25, 2024)
Tax Implications for Investments via (Subordinated) Bonds
Austrian Project
Interest, as well as any bonus payments and appreciation interest, are subject to Austrian capital gains tax at a rate of 27.5% and are withheld by the issuer and remitted to the competent tax authority. If no tax is withheld by the issuer, the interest, as well as any bonus payments and appreciation interest, must be declared in the tax return.
German Project
In Germany, ongoing interest, as well as any bonus payments and appreciation interest, are subject to the German final withholding tax (capital gains tax plus solidarity surcharge, with an effective total rate of 26.375%). The tax is withheld by the issuer and remitted to the competent tax authority. Ongoing interest, as well as any bonus payments and appreciation interest, along with the withheld withholding tax, must also be declared in Austria in the income tax return under the category of capital income. Austrian investors are entitled to a refund if the withheld tax rate exceeds the rate set out in the double taxation agreement.
Transfer of a (Subordinated) Bond
Profits from the transfer are subject to Austrian capital gains tax at a rate of 27.5%. Losses from the sale of capital assets can only be offset against gains from private capital assets in the same calendar year.
Tax Implications for Investments via Shares
Austrian Project
Dividend payments are subject to Austrian capital gains tax at a rate of 27.5% and are withheld by the issuer and remitted to the competent tax authority. If no tax is withheld by the issuer, the interest, as well as any bonus payments and appreciation interest, must be declared in the tax return.
German Project
In Germany, dividend payments are subject to the German final withholding tax (capital gains tax plus solidarity surcharge, with an effective total rate of 26.375%). The tax is withheld by the issuer and remitted to the competent tax authority. Ongoing interest, as well as any bonus payments and appreciation interest, along with the withheld withholding tax, must also be declared in Austria in the income tax return under the category of capital income. Austrian investors are entitled to a refund if the withheld tax rate exceeds the rate set out in the double taxation agreement.
Transfer of a Share
Profits from the transfer are subject to Austrian capital gains tax at a rate of 27.5%. Losses from the sale of capital assets can only be offset against gains from private capital assets in the same calendar year.
Tax Implications for Investments via Participation Certificates
Austrian Project
Income from participation certificates is subject to Austrian capital gains tax at a rate of 27.5% and is withheld by the issuer and remitted to the competent tax authority. If no tax is withheld by the issuer, the interest, as well as any bonus payments and appreciation interest, must be declared in the tax return.
German Project
In Germany, income from participation certificates is subject to the German final withholding tax (capital gains tax plus solidarity surcharge, with an effective total rate of 26.375%). The tax is withheld by the issuer and remitted to the competent tax authority. Ongoing interest, as well as any bonus payments and appreciation interest, along with the withheld withholding tax, must also be declared in Austria in the income tax return under the category of capital income. Austrian investors are entitled to a refund if the withheld tax rate exceeds the rate set out in the double taxation agreement.
Transfer of a Participation Certificate
Profits from the transfer are subject to Austrian capital gains tax at a rate of 27.5%. Losses from the sale of capital assets can only be offset against gains from private capital assets in the same calendar year.
Notice: Please inform yourself about your tax obligations. This notice does not constitute tax advice. Despite careful research and consultation with a tax advisor, CONDA assumes no liability for the accuracy of the information provided.
CONDA informs the issuer about the obligation to withhold, declare, and remit capital gains tax. CONDA is not responsible for withholding capital gains tax.