Scalable Capital launches tax-efficient banking in Austria

Scalable Capital has launched tax-efficient services in Austria through its new bank branch and license, effective October 8, 2026. Operating as Scalable Capital Bank GmbH Zweigniederlassung Österreich based in Vienna, the online broker now automatically remits the 27.5% capital gains tax (KESt) to the tax authorities.

This new structure allows investors with Austrian residency to potentially avoid manual tax declarations for depot earnings, as profits and losses are offset within the depot and taxes are withheld at the source. The service includes an Austrian IBAN for new customers and local customer service. Currently, these automated tax features apply to new customers opening accounts with the Vienna branch; existing customers are not yet automatically included in this tax-efficient structure.