Finland: Request for withholding tax rates below 15% no longer available for non-AI clients holding own assets via the relief at source and quick refund procedure
LuxCSD1 informs clients that effective
immediately
relief at source and quick refund service is no longer available via LuxCSD if:
- the client is holding own assets; and
- the client does not have “Authorised Intermediary” status; and
- the tax rate requested to be withheld at source or via quick refund on the dividend is less than 15% (this applies for both domestic and Double Taxation Treaty (DTT) rates).
The client (beneficial owner) may still apply for a standard refund via LuxCSD.
Impact on clients
Impacted clients will – with immediate effect – have their existing tax certification, related to relief at source and quick refund, revoked and the default rate of 35% withholding will be applied on future dividends received from publicly listed Finnish equities.
Clients may continue to submit standard reclaim request.
Further information
For further information, please contact the Tax Help Desk, LuxCSD Client Services or your Relationship Officer.
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1. LuxCSD refers to LuxCSD S.A., registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-154.449.