Germany: OGAW-IV UCITS IV Directive and the German Tax Law 2013
Further to our Announcement A12024, dated 25 July 2012, we hereby inform customers of Clearstream Banking1 that the Upper House has not approved the government draft of the Annual Tax Law (Jahressteuergesetz “JStG”) 2013.
At their last meeting on 12 December 2012, the members of the mediation committee of the German Parliament and its Upper House were unable to reach agreement.
The German Parliament and its Upper House must now concern themselves with the amendments of the mediation committee and any outcome is not expected before the end of 2012.
As a consequence, convertible bonds, certificates, profit-sharing certificates and participating certificates are not integrated into the OGAW-IV UCITS IV Directive and processing.
Upon final approval by the German Parliament and its Upper House, we will inform customers with regard to the processing of “manufactured dividends”.
Further information
For further information, customers may contact the Clearstream Banking Tax Help Desk on:
| Luxembourg | Frankfurt | |
| Email: | tax@clearstream.com | tax@clearstream.com |
| Telephone: | +352-243-32835 | +49-(0) 69-2 11-1 3821 |
| Fax: | +352-243-632835 | +49-(0) 69-2 11-61 3821 |
or Clearstream Banking Customer Service or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).
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