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Tax Reclaims on Austrian Securities

Acupay will process any reclaims and file them with the Austrian Tax Authorities (BMF) directly on the investors’ behalf. We will oversee the complete process until the excess withholding tax has been reclaimed. Acupay will process any Double Taxation Treaty (DTT) claims as well as claims based on domestic law. Acupay’s Austrian long form reclaim solution can be utilized, for instance, by:

  • beneficial owners that have been taxed at the statutory rate and are a tax resident in a DTT country;
  • beneficial owners that are investment companies resident in a DTT country and also eligible for a reduced tax rate;
  • beneficial owners that are European Union (EU) or European Economic Area (EEA) pension funds and also eligible for a tax exemption because they are similar to an Austrian pension fund;
  • beneficial owners that are European Union (EU) or European Economic Area (EEA) legal entities that cannot credit the Austrian withholding tax in their country of residence.

Requests for tax relief via long form reclaim can be submitted to the BMF until the Statute of Limitations expires. In Austria, this means investors have until the end of the 5th year after the payment date. The estimated time for receipt of refund amounts is 6 to 12 months.