The personal data of the data subject in question will be deleted or blocked as soon as the purpose of storage no longer applies. Blocking or deletion of data also occurs when a storage deadline expires or you explicitly wish the deletion or blocking.
If the data are not deleted because they are required for other purposes, including legally admissible ones, their processing is restricted. That is, the data is blocked and not processed for other purposes. This applies, for instance, to data that must be kept for commercial or tax law reasons.
Retention is regulated by statutory specifications in Austria.
According to the statutory specifications in Austria, the retention period is seven years according to § 212, paragraph 1 of the Commercial Code (UGB) (ledgers, inventories, opening balance sheets, annual accounts as well as management reports, etc.) and according to § 132, paragraph 1 of the Federal Tax Code (BAO) (accounting documents, vouchers, invoices, accounts, vouchers, business records, listing of income and expenses, etc.) for 22 years in connection with real estate property and for 10 years for documents in connection with electronically performed services, telecommunications, radio and TV services performed for non-entrepreneurs in EU Member States and for which the Mini-One-Stop-Shop is utilised (MOSS).