Scalable Capital Austria Tax: 2025 Status

Scalable Capital does not automatically remit Austrian KeSt for Austrian customers. It remains a non-tax-simple broker. This applies to all products: Free Broker, Prime+ Broker, Crypto ETPs and the wealth-management offering.

Scalable themselves write: “We are working on a tax-simple solution for Austria.” No firm date exists. Source: Scalable Help Center — Plans for Austria

Sources: Scalable Newsroom: full banking license · Scalable: filings with the tax authority

The transfer from Baader Bank to Scalable Capital Bank on 6/7 December 2025 is a depot transfer between different depositaries. To prevent the tax authority from treating it as a deemed disposal at 27.5%, a depot transfer notification must be filed via FinanzOnline within one month.

FinanzOnline path: Sonstige Anbringen → Mitteilung zum Depotübertrag (§27 Abs 6 Z 2 EStG). Specific deadline: 9 January 2026. Anyone who missed it must report the market value of the holdings on the transfer day as proceeds in the 2025 E1kv (KZ 994).

Legal basis: §27 Abs 6 Z 2 EStG and §94 Z 7 EStG

Since May 2022 Scalable provides a free Steuerreport Österreich prepared by KPMG. It typically appears between late March and late April of the following year.

What it does: Figures are prepared per Austrian rules with the moving average price (§27a Abs 4 Z 3 EStG), converted to EUR, AgE-adjusted cost basis included, mapped to E1kv field numbers.

What it isn't: Not a Jahressteuerbescheinigung within the meaning of §96 EStG (no KeSt is withheld). It is a voluntary service without warranty. Subsequent OeKB corrections may need to be tracked manually. Source: Scalable Help — Steuerbericht

Caution: The German Erträgnisaufstellung from your account is NOT suitable for the Austrian return (FIFO instead of moving average; the Vorabpauschale concept does not exist in Austria).

Per §27a EStG 1988 all capital income is taxed at the special rate of 27.5%. Since Scalable has no domestic withholding obligation (§93 Abs 2 Z 2 EStG), gains, dividends, interest and deemed distributions must be reported in the assessment.

Scalable offers crypto in the form of ETPs (e.g. ETC Group, 21Shares, VanEck) — these are securities, not direct cryptocurrencies. They therefore fall under §27 Abs 3 / §27a EStG (the equity/security bucket), not §27b EStG (direct crypto).

In practice: gains on crypto ETPs go into the same fields as equities (KZ 994 / 892), not into the crypto field. Sources: Scalable: Crypto ETP taxation · BMF: Cryptocurrencies

Scalable's killer feature is the free ETF savings plan. Tax-wise this means: every plan execution adds a new lot to the weighted-average price. The KPMG report computes this correctly — doing it manually with monthly executions over multiple years is practically unreasonable.

For accumulating ETFs you must additionally apply §186 InvFG 2011 to the annual deemed distributions per the OeKB data and adjust the cost basis accordingly.

Always verify against the current year's form: BMF E1kv 2024 (PDF)

For 2025 Scalable is non-tax-simple throughout. Plus the depot transfer in December 2025 makes things tricky.

• With timely FinanzOnline notification (by 9 Jan 2026): cost basis carries over to the new depot, no taxable event.
• Without timely notification: market value on the transfer day counts as proceeds → KZ 994 with a deemed gain (market value minus cost basis), 27.5% income tax due.
• If Scalable activates KeSt withholding in 2026: you'll have a year with two regimes (self-declaration for Q1, automatic for Q2–Q4). Same model as Trade Republic Austria after activation in April 2025.

Without a domestic depositary, Scalable cannot perform automatic loss nettingper §93 Abs 6 EStG. You do it yourself via E1kv. Losses within the 27.5% bucket are netting-eligible across brokers — e.g. IBKR gains with Scalable losses.

Details: Loss Netting in Austria →

1. Using the German Erträgnisaufstellung: FIFO-based with Vorabpauschale logic — not applicable in Austria. Use only the KPMG Steuerreport Austria.
2. Missing the depot transfer notification: One-month deadline after the migration. Otherwise deemed disposal at 27.5%.
3. Declaring crypto ETPs as crypto: They go into §27 Abs 3 (equity bucket), not §27b.
4. Reporting Vorabpauschale: Does not exist in Austria. Don't carry over the German concept.
5. Forgetting AgE on accumulating savings-plan ETFs: The KPMG report includes them, but anyone bypassing the report typically misses them.
6. Not adjusting cost basis at sale: Risk of double taxation.

Income tax return 2025: by 30 June 2026 via FinanzOnline (30 April 2026 for paper). Quota deadline applies with a tax advisor.

BMF deadlines

• §27 EStG — capital income, depot transfer
• §27a EStG — special rate, moving average
• §27b EStG — cryptocurrencies (relevant for direct crypto, not ETPs)
• §93 EStG — KeSt withholding obligations
• §186 InvFG 2011 — AgE and flat-rate taxation
• BMF: capital income taxation
• BMF E1kv 2024 (PDF)
• OeKB Fund Info / Reporting Funds
• Scalable Help Center — Tax
• Scalable Steuerleicht landing page Austria