U.S.A.: Reminder: Deadline for 2016 U.S. withholding tax reclaims
Clearstream Banking1 will accept customer applications for reclaim of withholding tax on dividend and interest payments made on U.S. securities in 2016 only until
2 January 2017
If we receive a reclaim application after this deadline, the customer will be directed to apply directly to the U.S. Internal Revenue Service (IRS) for a refund request.
We would also remind customers that, under our Qualified Intermediary (QI) Agreement, we cannot process reclaims after the end of the 1042-S reporting period in the year following the tax period. However, the above reclaim deadline has been set in order to ensure timely reporting.
Note: Reclaims of withholding tax will only be processed, in the order received, up to the start of the reporting period and only when there are sufficient funds in the tax account2.
Where to obtain reclaim forms
The relevant reclaim forms can be found on our website.
Where to send reclaim forms
Customers should please submit their reclaim forms, preferably by registered mail, directly to:
Clearstream Banking |
Further information
For further information, customers may contact the Clearstream Banking Tax Help Desk, Clearstream Banking Customer Service or their Relationship Officer.
---------------------------------
1. Clearstream Banking refers collectively to 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, and Clearstream Banking AG (for Clearstream Banking Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
2. Our QI Agreement with the IRS allows us to adjust for over-withholding, either by a set-off of a subsequent payment or by a reimbursement. As we make weekly deposits via the Electronic Federal Tax Payment System (EFTPS), there may not be, at a given time when a customer reimbursement is requested, sufficient funds in the tax account to make that reimbursement.