IFTR combines innovative technology and long-standing tax expertise.
For cost & time efficient and high-quality Investment Fund Tax Reporting in Austria.
Austrian fund tax reporting regime requires investment funds to appoint an Austrian tax representative, who calculates and reports the tax-relevant data on a share-class basis to the Austrian Notification Office (“OeKB”). Otherwise their investors are subject to the highly disadvantageous lump-sum taxation in Austria.
Complying with the fund tax reporting regime is thus the key factor for successful fund distribution in Austria. In practice, however, the manual preparation of tax reports is highly time consuming, costly and error prone. But not with our IFTR solution!
IFTR solution automatically calculates and prepares all relevant tax figures and tax reports, so the tax representative can focus on quality supervision and verification of the OeKB reports. And the user dashboard enables fund administrators to keep track and overview of the tax reporting status in Austria at all times.