Italy: Tax impact on ISIN IT0006730235 following the merger of TE WIND SA into TE WIND S.p.A
Clearstream Banking1 would like to inform customers that effective
3 October 2016
ISIN IT0006730235 EUR 6,00 TE WIND SA 14-2020 became subject to Italian taxation under DL239/1996.
This is a consequence of a merger that took place between TE WIND SA (LU0975260794) and TE WIND S.p.A. (IT0005216533)
Impact on customers
As of the effective date mentioned above, this security became subject to DL 239/1996 and tax will be calculated on accrued interest and issue discount based on pro rata temporis.
Tax exemption is available based on the eligibility criteria and tax procedure explained in our Market Taxation Guide - Italy.
Customers holding the above mentioned securities and wanting to benefit from tax exemption on behalf of eligible beneficial owners must ensure the transfer of these securities to accounts already segregated and certified for Italian bonds or, if they do not have such accounts, to certify the existing ones.
A separate SWIFT explaining the steps to follow for the transfer of securities to the appropriate account will be sent to the concerned customers.
Further information
Customers may contact the Clearstream Banking Tax Help Desk or Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.