Portugal: Important reminder : Renewal of the Statement for Exemption

30.10.2012

Please be reminded that, for those customers of Clearstream Banking 1 who hold Portuguese debt securities, the validity of the Statement for Exemption from Portuguese Withholding Tax on Income from Debt Securities dated 2012 will expire on 31 December 2012.

In order to comply with the holding restriction established by Paragraph 2 of Article 17 of the Special Tax Regime approved by Decree-Law 193/2005 on 7 November , and to benefit from exemption at source during the period between 1 January 2013 and 31 December 2013, customers must provide a new Statement for Exemption from Portuguese Withholding Tax on Income from Debt Securities, dated 2013, no later than

15 January 2013

The statement, among other items, certifies that final beneficial owners of Portuguese debt securities do not fall into any of the following categories:

  • Residents for tax purposes in a country or territory considered as a tax haven by Portuguese legislation, except central banks and government agencies resident in those countries; or
  • Residents of Portugal subject to Portuguese withholding tax and not eligible for exemption at source; or
  • Non-resident institutions more than 20% owned by entities resident in Portugal;

and that they are therefore entitled to exemption from Portuguese withholding tax.

The original of each completed and duly signed Statement for Exemption must be sent to:

Clearstream Banking
Attn: OTL - PORTUGUESE TAX
42, avenue J.F. Kennedy
L-1855 Luxembourg

Further information

For further information, customers may contact the Clearstream Banking Tax Help Desk on:

LuxembourgFrankfurt
Email:tax@clearstream.comtax@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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