The capital gains tax (KESt) is a withholding tax, currently levied at a rate of 27.5%, on domestic investment income and foreign investment income drawn in Austria. KESt is directly deducted from interest, bond coupons and dividends. With the 2011 Budget Accompanying Act (BBG 2011), the taxation of capital assets was reorganised and, among other things, extended to sales of securities. Since April 2012, profits from sales of capital assets have been subject to KESt (price gains tax). From 1.1.2016 the capital gains tax was increased from 25% to 27.5%.