DEGIRO Austria Tax: 2025 Guide

flatexDEGIRO Bank AG terminated all Austrian DEGIRO accounts effective 31 January 2024. Existing customers were migrated to flatex Austria — which is tax-simple. New DEGIRO accounts for Austrian residents have not been possible since.

Anyone still trading via DEGIRO uses DEGIRO Germany (HQ Amsterdam, NL). DEGIRO Germany is not a domestic depositary within the meaning of §93 EStG. So there is no automatic KeSt withholding, and you must declare all income yourself in the E1kv.

Sources: broker-test.at on the DEGIRO termination · DEGIRO × flatex migration

Under §27a EStG 1988 your capital income is taxed at the special rate of 27.5%. Since DEGIRO is not a domestic depositary (§93 Abs 2 Z 2 EStG), no KeSt is withheld — the income must be declared via assessment.

Because of the tightened record-keeping obligation for non-final-taxed capital (§126 BAO in conjunction with the AbgÄG 2022) effective from 2023, you must keep complete records of all transactions, cost bases and withholding taxes.

DEGIRO provides an Annual Statement (Jahresübersicht) for each tax year, available from late February / early March of the following year.

1. Open the WebTrader → Inbox → Documents
2. Select the tax year → download the Annual Statement as PDF
3. Also useful: account statement (CSV) and transaction overview for your own calculations

DEGIRO itself notes that the Annual Statement is “not a tax certificate” and does not constitute an Austrian Jahressteuerbescheinigung. Source: DEGIRO Helpdesk

Austria requires the moving average price per §27a Abs 4 Z 3 EStG: when buying multiple lots of the same ISIN, you compute a weighted average per share, in euros.

Important: incidental acquisition costs (order commissions, exchange fees) are notdeductible for private investors — §27a Abs 4 Z 2 EStG with §20 Abs 2 EStG (deduction prohibition; confirmed by the Constitutional Court G 168/2017). The P&L numbers shown by DEGIRO therefore cannot be taken 1:1.

Convert all amounts to EUR at the daily rate on the inflow/outflow date, not the annual average. Use the ECB reference rates (OeNB).

• Dividends → rate on payment day
• Sale proceeds → rate on trade day
• Acquisition costs → rate on purchase day (feeds into the moving average)

For accumulating ETFs you must annually tax the deemed distributions (ausschüttungsgleiche Erträge / AgE) even though no cash is paid. DEGIRO does not report them. Look them up on my.oekb.at by ISIN and multiply the per-unit amount by your holding count on the relevant date.

Watch out for non-reporting funds: If your ETF is not a reporting fund, the flat-rate taxation per §186 Abs 2 Z 3 InvFG 2011 applies: 90% of the difference between the first and last redemption price in the calendar year, but at least 10% of the year-end redemption price. Apply 27.5% → effectively at least 2.75% p.a. of fund value.

See: Reporting Funds Check and Deemed Distributions.

Field numbers may shift between yearly form versions — always verify against the official PDF: BMF E1kv 2024 (PDF)

With a valid W-8BEN, DEGIRO withholds 15% on US dividends (otherwise 30%). Per the Austria-USA double tax treaty the 15% is fully creditable against the Austrian KeSt (KZ 998). Effective tax burden: 15% USA + 12.5% Austria = 27.5%. Without W-8BEN: 30% USA + 0% creditable → you overpay. Verify in DEGIRO settings that the form is active.

DEGIRO losses can be offset against gains and ongoing income within the 27.5% bucket in the same calendar year — including across brokers (e.g. Erste Bank gains with DEGIRO losses). A loss carry-forward to future years is not allowed (§27 Abs 8 Z 4 EStG).

Details: Loss Netting in Austria →

1. Forgetting FX conversion: DEGIRO shows USD/GBP/CHF — you must convert at the ECB daily rate.
2. Forgetting AgE: Accumulating ETFs require annual AgE from OeKB. DEGIRO does not report them.
3. No cost-basis correction at sale: Already-taxed AgE increase the cost basis — otherwise you pay tax twice.
4. Overlooking non-reporting funds: Apply the 90/10 flat-rate per §186 InvFG.
5. Treating connectivity or custody fees as deductible: Not deductible.
6. Forgetting withholding-tax credit: Skipping KZ 998 means 15% extra tax.
7. Taking DEGIRO FIFO numbers 1:1: Austria requires the moving average price in EUR.

Income tax return with E1kv: 30 June of the following year via FinanzOnline (30 April for paper). With a tax advisor an extended quota deadline applies. For non-final-taxed capital income there is a mandatory filing requirement.

Sources: BMF deadlines · filing obligation

• §27a EStG 1988 — special rate, moving average
• §93 EStG — KeSt withholding only by domestic depositaries
• §186 InvFG 2011 — AgE and non-reporting fund flat rate
• BMF: capital income taxation
• BMF E1kv 2024 (PDF)
• OeKB Fund Info / Reporting Funds
• DEGIRO Helpdesk: Tax
• DEGIRO × flatex migration Austria