Czech Republic: Withholding tax on dividends not to be abolished
The Senate of the Czech Republic has not approved the abolition of withholding tax on dividends from Czech securities distributed to residents of EU, Iceland, Norway and Switzerland that was foreseen to take effect on 1 January 2014 (for application to dividend payments made from 1 January 2015).
This is further to our Taxflash LT13031, dated 24 May 2013.
The Lower House has confirmed the decision of the Senate and has also not approved the abolition of this withholding tax.
Impact on customers
As a consequence of the non-approval of the abolition, the current withholding tax regime (35%) and current procedure will continue to apply.
Further information
For further information, customers may contact the Clearstream Banking1 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).
| As a registered customer, subscribe to our free email alerts service to receive immediate, daily and/or weekly notification of the latest customer publications on our website. Unsubscribe at any time; we respect your email privacy. |