Finland: Government approves Budget proposal for 2014
Effective
1 January 2014
the Finnish Parliament has approved amendments to the Act on the Taxation of Non-Residents’ Income and Capital reducing the tax rates for “non-treaty corporations” and “corporations domiciled in the EEA”.
This is further to our Taxflash LT13100, dated 18 November 2013.
Impact on customers
From 1 January 2014, the following new reduced rate of withholding tax on dividends may be applicable for the following types of beneficial owner as indicated:
- Non-treaty corporations: 20% (old rate: 24.5%);
- Corporations domiciled in the EEA: 15% (old rate: 18.38%).
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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