Standard refund – Estonian investment funds
Eligible beneficial owners
A standard reclaim of withholding tax is available if relief at source or quick refund have not been obtained by beneficial owners eligible for the reduced tax rate.
Investment funds | |
Beneficial owner | Tax Rate |
Non-resident legal entity | 0% |
Non-resident individual of a DTT country | DTT |
Documentation requirements
The customer can reclaim the withholding tax on behalf of the beneficial owner through LuxCSD by submitting the appropriate documentation, as described below:
Letter of Request to LuxCSD for Tax Refund of Estonian withholding tax
- Letter of Request to LuxCSD for Tax Refund of Estonian withholding tax; and
- Declaration of Beneficial Ownership; and
- Certificate of residence (individuals only); and
- Credit advice; and
- Power of attorney (if applicable)
Statutory deadline
The statutory deadline for reclaiming withholding tax using the standard refund procedure is three years following the income payment date that was subject to tax.
LuxCSD Deadline
The deadline by which LuxCSD must receive the documentation for a SR application is, at the latest, three months before the statutory deadline. All standard refund applications received after this deadline will be processed by LuxCSD on a “best-efforts” basis. However, in such cases, LuxCSD will apply an extra charge and accepts no responsibility for forms that have not reached the Estonian Tax Authorities by the date considered being the statute of limitations deadline.
For tax reclaims, you are reminded that LuxCSD accepts no responsibility for their acceptance or rejection by the tax authorities of the respective country. It is the customer’s responsibility to determine any entitlement to a refund, to complete the forms required correctly and to calculate the amount due.
When are refunds received?
The estimated time for receiving a refund is 60 calendar days from the date on which LuxCSD receives the certified documents for standard refund, although this can vary depending on when the application is filed, and the complexity of the information supplied in the reclaim form.