Spain: Application of current withholding tax rate extended
Effective
1 January 2014
Legislative Royal Decree 1/2014 (LRD 1/2014), published in the Spanish Official Gazette on 25 January 2014, extends the application of the current 21% withholding tax rate until 31 December 2014.
As a consequence, interest and dividend payments distributed during 2014 by Spanish companies will be taxed at the maximum rate of 21%.
We take this opportunity to remind customers that the rate of withholding tax to be applied on securities issued by the Autonomous Community of Navarra remains 20%.
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.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking S.A., 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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