Reporting Funds · OeKB · §186 InvFG · 9 min read
ETF Reporting Funds Check: OeKB Guide for Austria
If your ETF is a reporting fund, the favourable regular taxation regime applies. If not, flat-rate taxationkicks in — with an effective minimum tax of 2.75% p.a. of fund value. This guide shows how to check the status on my.oekb.at and which data you need for the E1kv.
What is a reporting fund?
A reporting fund is an investment fund whose tax representative publishes the relevant tax data through the Oesterreichische Kontrollbank (OeKB), the statutory reporting body, within the legal deadline — legal basis §186 Abs 2 Z 2 InvFG 2011 in conjunction with the Fund Reporting Regulation 2015 (BGBl II 167/2015).
If no reporting takes place, the fund is treated as a non-reporting fund(colloquially “black fund”) and is subject to flat-rate taxation under §186 Abs 2 Z 3 InvFG.
Authoritative administrative interpretation: Investment Fund Guidelines (InvFR) 2018, ref. BMF-010200/0019-IV/1/2018.
Reporting vs non-reporting fund — direct comparison
Data reporting
Tax representative reports AgE, withholding taxes, cost-basis adjustment to OeKB
No timely reporting
Tax basis
Actual deemed distributions and distributions
Flat rate: 90% of price difference / min. 10% of redemption price
Tax rate
27.5% on actual amounts
27.5% on flat-rate basis
Cost-basis adjustment
Yes, annually after each report
Only with self-evidence
Loss netting
Losses netting-eligible (§27 Abs 8 EStG)
Flat-rate basis cannot generate losses
Non-reporting fund flat-rate taxation — exact formula
§186 Abs 2 Z 3 InvFG 2011 (in substance): if no report is filed, deemed distributions are estimated at 90% of the difference between the first and last redemption price set in the calendar year, but at least 10% of the redemption price set at year-end.
Inflow date for the flat-rate values: 31 December of the calendar year.
Example:
Redemption price 1 Jan: 100 EUR · Redemption price 31 Dec: 110 EUR
Difference: 10 EUR · 90% thereof: 9 EUR
Minimum basis: 10% × 110 = 11 EUR
Tax basis = max(9 ; 11) = 11 EUR per unit
Income tax: 11 × 27.5% = 3.025 EUR per unit per year
Self-evidence: Investors can prove the actual AgE amount with supporting documentation (§186 Abs 2 Z 3 last sentence InvFG). The Supreme Administrative Court (VwGH 16 Nov 2023, Ra 2021/15/0085) set strict requirements: the calculation, actual distributions and AgE derivation must be fully traceable. Source: LexisNexis on the VwGH ruling
Step by step: check reporting-fund status on my.oekb.at
Since December 2020 OeKB operates the my.oekb.at portal (the predecessor profitweb.at has been retired). Access is free for private investors and does not require registration.
- Open: my.oekb.at — Fund Info / Tax Data
- Search by ISIN or fund name.
- If your ETF is in the list → reporting fund. If not in the list → black fund, flat-rate taxation applies.
- Click the fund → open the “Tax Data” / “KESt reports” tab.
- Per business year you'll see, among others: distribution, deemed distribution, creditable withholding tax, cost-basis adjustment, report date.
For the OeKB data fields in detail: OeKB tax-data field list (PDF)
Business year-end vs calendar year — the underrated distinction
For reporting funds (accumulating): the tax-relevant inflow date for AgE is the day on which the depositary remits the KeSt — at the latest 4 months after the fund's business year-end. That is not 31 December! Many ETFs have business year-ends mid-year: 30 Jun, 30 Sep (iShares), 31 Dec (Xtrackers / Lux), 28/29 Feb.
For non-reporting funds (flat-rate): the inflow date is 31 Decemberof the calendar year — because the formula keys off calendar-year redemption prices.
Reporting deadlines for tax representatives
- Domestic funds: deemed-distribution report within 5 months of business year-end.
- Foreign funds (typical retail ETFs from IE/LU): within 7 months of business year-end.
- (Interim) distributions and KeSt payments by domestic funds: at the latest 1 day before payment date.
Source: §5 Fund Reporting Regulation 2015 in conjunction with §186 InvFG 2011. OeKB — Tax Data Reports
Cost-basis adjustment: how double taxation is prevented
For accumulating reporting funds you pay tax on AgE every year without receiving any cash. To avoid taxing the same income again on the eventual sale, the OeKB report increases the tax cost basis per unit by the AgE.
Subsequent KeSt payouts (of already-taxed AgE) decreasethe adjusted cost basis again. On sale, the proceeds minus adjusted cost basis are taxed — clean end result without double taxation.
At tax-simple Austrian brokers this happens automatically. At foreign accounts you must compile the adjusted cost basis from OeKB data yourself.
Correction reports and self-evidence reports
OeKB distinguishes three report types:
- Initial report — regular report within the 5/7-month deadline.
- Correction report — correction of an initial report before the correction window closes.
- Self-evidence report — after the deadline; published on the portal as self-evidence.
At tax-simple banks a correction usually triggers an automatic re-calculation. At a foreign account you enter the corrected values in the next E1kv or apply for a reopening under §303 BAO.
Four investor scenarios
Reporting fund + tax-simple broker
Bank withholds KeSt automatically; cost basis adjusted automatically. No mandatory E1kv entry.
Reporting fund + foreign account (IBKR, Scalable, DEGIRO)
Manual entry: distributions KZ 898, AgE KZ 937, track cost-basis increase yourself for sale (KZ 994).
Non-reporting fund + tax-simple broker
Bank applies the 90/10 flat rate automatically on 31 Dec. Self-evidence is possible to switch to actual values.
Non-reporting fund + foreign account
Compute flat rate yourself (90/10 rule) and report in KZ 937. Alternatively, self-evidence with full documentation.
Common mistakes
- Assuming “Vanguard is always a reporting fund”: Wrong — not every Vanguard tranche is reported in Austria. Always check by ISIN on my.oekb.at.
- Confusing business year with calendar year: For reporting funds, business year-end + 4 months is what counts, not 31 Dec.
- Forgetting cost-basis adjustment: Already-taxed AgE must increase the cost basis, otherwise you pay tax twice on sale.
- Still using profitweb.at: The portal was retired in December 2020. Use my.oekb.at.
- Underestimating the black-fund flat rate: 10% of redemption price × 27.5% = 2.75% minimum tax per year — even when the fund makes a loss.
- Ignoring creditable withholding tax in OeKB data: For reporting funds it is shown explicitly and belongs in KZ 998.
Official sources
- §186 InvFG 2011 (RIS, current)
- §186 InvFG 2011 (JUSLINE)
- Fund Reporting Regulation 2015
- InvFR 2018 (BMF Findok)
- OeKB tax data — overview
- my.oekb.at — Fund Info portal
- OeKB — tax data reporting (process)
- OeKB reporting format 2024-10-07 (PDF)
- OeKB income-tax treatment (PDF)
- §27a EStG (27.5% special rate)
- BMF E1kv 2024 (PDF)
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