Tax enhancements June Release 2015
Effective
15 June 2015
Clearstream Banking1 will make changes to the Beneficial Owner Upload application that is accessible via the Clearstream website, and Tax Certificate information.
Beneficial Owner Upload application
From 15 June, customers must include the Corporate Action Event Reference ID (CORP ID) that is available in the notification for each Beneficial Owner list that is uploaded.
A new mandatory field, CORP ID, will be added to the Payment Details section for all countries, except Germany.
For the German market, the mandatory field CORP ID will be added to the Excel template for customers to complete.
Tax certificates
In the MT568 for withholding tax certificate acknowledgement, Clearstream will provide the full name of the depository in field :70F::ADTX//.
In CreationOnline a new column “Depository” will be added to the Tax Certificate list view, this will contain the full name of the depository.
Further information
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your 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, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.