UniCredit Bank Austria AG
Summary:
Increase in Austrian Withholding Tax will enter into force on 1 January 2016.
Fri, 24/07/2015
The 2015 Tax Reform Act has passed the Austrian Parliament on 7 July 2015. Austrian withholding tax on interest on savings and other receivables from banks will remain at 25%. The withholding tax rate on dividends, capital gains and interest on debt securities as well as proceeds from derivatives will increase to 27.5% as of 1 January 2016. This increase will also be applicable to income from investment funds and real estate property funds.
Impact on investors: Increase in Austrian Withholding tax as of 1 January 2016.