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Futures - Tax situation for Austrian Tax Residents
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Created: by rastompk Attachments:0

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Futures - Tax situation for Austrian Tax Residents

  #1 (permalink)
Trading Apprentice
paris/wien
 
Futures Experience: Intermediate
Platform: ninjatrader, tws
 
Posts: 5 since Feb 2010
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Futures - Tax situation for Austrian Tax Residents

Hello,
first sorry to not write this in german aber mein deutsch ist nicht so gut.
I've just moved to Austria from France and now I'm trying to figure out my tax situation.
I trade only futures (with two US based brokers) as private person. And because of my poor german I'm having ein klein problem with understanding all the tax related info.

So my question:
If I trade futures with foreigner broker (not based in Austria) than I have to put my income from such trading into my end of the year tax income declaration (and it is taxed with progressive tax rate).
But if I trade futures with some local(austria) based broker then the broker will withold 25% KESt tax from my futures income right?

There's no way I can tax my income from foreigner broker using this special 25% KESt tax, right?

Danke!
rasto

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  #2 (permalink)
Trading Apprentice
Bregenz Austria
 
Futures Experience: Intermediate
Platform: MT4, cTrader
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Favorite Futures: Currency Futures, Forex
 
Posts: 10 since Jul 2015
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@rastompk

Falls die Frage noch offen ist, hier meine Antwort:

In Österreich müssen (seit 2011) alle Einkünfte aus Kapitalvermögen mit 25% versteuert werden.
Verluste im gleichen Kalenderjahr können gegengerechnet werden.

Bei Depots in Östereich wird die KEST automatisch abgezogen und ans Finanzamt abgeführt.
Bei Ausländischen Konten normalerweise nicht, d.H. du musst die Gewinne in dem jährlichen Steuerausgleich angeben.

Also:
- Innländisches Konto: -> Steuerausgleich machen, wenn du Verluste gegenrechnen willst
- Ausländisches Konto: -> Stuererausgleich machen, wenn du Gewinne gemacht hast

gruß
nocide

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  #3 (permalink)
Trading Apprentice
Bregenz Austria
 
Futures Experience: Intermediate
Platform: MT4, cTrader
Broker/Data: -
Favorite Futures: Currency Futures, Forex
 
Posts: 10 since Jul 2015
Thanks: 2 given, 4 received


PS:

Habe gerade gesehen, dass die KEST für Dividenen und Spekulationsgewinne (nicht für Sparbücher und Giro-Konto) ab 1.1.2016 von 25% auf 27,5% erhöht werden soll?!
Langsam überlegt man sich schon, ob man die Gewinne aus dem Ausländische Konto überhaupt noch angeben soll


Last edited by nocide; August 14th, 2015 at 06:05 PM. Reason: Datum für die Neuregelung vergessen!
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  #4 (permalink)
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Posts: 5 since Feb 2010
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nocide View Post
@rastompk

Falls die Frage noch offen ist, hier meine Antwort:

In Österreich müssen (seit 2011) alle Einkünfte aus Kapitalvermögen mit 25% versteuert werden.
Verluste im gleichen Kalenderjahr können gegengerechnet werden.

Bei Depots in Östereich wird die KEST automatisch abgezogen und ans Finanzamt abgeführt.
Bei Ausländischen Konten normalerweise nicht, d.H. du musst die Gewinne in dem jährlichen Steuerausgleich angeben.

Also:
- Innländisches Konto: -> Steuerausgleich machen, wenn du Verluste gegenrechnen willst
- Ausländisches Konto: -> Stuererausgleich machen, wenn du Gewinne gemacht hast

gruß
nocide

Danke nocide for your reply!

1) Yes, I understand that KEST(25%) is automatically taken from austrian accounts (Innländisches Konto).

2) But my understanding of the situation with foreign account(Ausländisches Konto - IB for example) is that you don't tax it with 25% but the whole income goes to your total personal income together with your salary (if you are employed for example) and that it is taxed progressively (0-11k 0%, 11k-25k 36.50% etc.).
What you're saying is that also this income from Ausländisches Konto is taxed with 25%(I mean KEST tax rate)??

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  #5 (permalink)
Trading Apprentice
Bregenz Austria
 
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Posts: 10 since Jul 2015
Thanks: 2 given, 4 received

Nein. Deine normalen Einkünfte (salary) werden getrennt von den Einkünften aus Kapitalvermögen betrachtet.
Wenn du Einkünfte aus Kapitalvermögen mit einem Ausländischen Konto hast mußt du eine Steuererklärung machen.


Dabei sind folgende Formulare auszufüllen:

E1 -> Dein normales Einkommen für das vergangene Jahr
E1kv -> Deine Einkünfte aus Kapitalvermögen (Inland und Ausland) für das vergangene Jahr

siehe Link:
https://www.help.gv.at/Portal.Node/hlpd/public/content/227/Seite.2270200.html

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  #6 (permalink)
Trading Apprentice
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Danke!

And there is no difference for Stocks vs. Futures/CFDs?
Everything is taxed with 25% KESt? Because one guy from Brokerjet here in Wien told me (6 months ago when I was trying to open account with them) that Futures and CFDs are not taxed with 25% KESt but they go to your personal income that is taxed progressively.

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  #7 (permalink)
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Here look what i have found when checking KURSGEWINNSTEUER at HelloBank.at (i cant post the link because: To be able to post links or images your post count must be 5 or greater. You currently have 3 posts...).
They have quite big Hilfe section (go to HelloBank.at, then WISSEN, then HILFE, then KURSGEWINNSTEUER) =>

Bei welchen Finanzinstrumenten erfolgt kein KESt-Abzug auf Kursgewinne durch das Kreditinstitut?
Nicht verbriefte Derivate (zB. Futures, CFDs, FOREX) unterliegen gem. § 27a Abs. 2 Zi 7 nicht dem besonderen Steuersatz von 25% und es erfolgt daher kein KESt-Abzug durch das Kreditinstitut. Nicht verbriefte Derivate sind vom Anleger im Rahmen der Steuererklärung mit dem persönlichen progressiven Tarifsteuersatz zu versteuern. Eine Verlustausgleich ist nur im Rahmen der persönlichen Steuerveranlagung und nur mit Einkünfte aus Kapitalvermögen, die ebenfalls nicht dem besonderen Steuersatz von 25% unterliegen, möglich.


=> If I understand it well (with my poor german and google translate) that means that Futures/CFDs are not taxed with 25% KESt in Austria.


also:

Welche Wertpapiere unterliegen der KESt auf Kursgewinne?
Aktien und Investmentfonds mit Kaufdatum ab 01.01.2011. Sonstige Wertpapiere (z.B. Anleihen) und verbriefte Derivate (z.B. Zertifikate und Optionsscheine), die ab 01.04.2012 entgeltlich erworben wurden.

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  #8 (permalink)
Trading Apprentice
Bregenz Austria
 
Futures Experience: Intermediate
Platform: MT4, cTrader
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Favorite Futures: Currency Futures, Forex
 
Posts: 10 since Jul 2015
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Ja du hast recht!

Ich habe auf der ofiziellen Homepage des Finanzamt nachgelesen.
https://www.bmf.gv.at/steuern/Besteuerung-inl-sowie-im-Inland-bez-Kapitalertraege.html

nichtverbriefte Derivate (Futures,Optionen,Swaps,..) unterliegen dem Tarifsteuersatz, also progressive.

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