Do I need to file anything with the tax office?

For our German offering: No, you will not be required to file any documents related to the account transfer with the German tax office.

For our Austrian offering: Please report the securities account transfer after it has been completed either by yourself or through a tax advisor, if applicable. A securities account transfer may, under certain circumstances, be treated as a deemed sale under Austrian tax law if it is not reported properly or in due time. This could result in a 27.5% capital gains tax on unrealised profits.

Scalable Capital can arrange appropriate reports, engage a suitable service provider, if necessary, and provide the service provider with all data and information necessary for the preparation. Scalable Capital does not charge an additional remuneration for the execution of this instruction. Scalable Capital will provide the respective report in the mailbox of the respective client. Scalable Capital does not provide advice on tax matters, assumes no responsibility for the accuracy of the content of the report, but is solely liable for the careful selection and instruction of the service provider.