Finland: New tax reclaim application forms for Finnish dividends
Effective
immediately
the Finnish Tax Authorities (FTA) have released two new application forms to be used, instead of VEROH 6203, for reclaiming withholding tax on Finnish dividends, one for individual beneficial owners and one for non-individual (for example, corporate entity) beneficial owners:
- VEROH 6164e - Application for Refund of Withholding Tax on Dividends (Individual applicant);
- VEROH 6163e - Application for Refund of Withholding Tax on Dividends (Non-Individual applicant).
Requirements of the new forms
The new forms include, among other things, the following new requirements:
Individual applicant (VEROH 6164e)
- ‘L’ code (Applicant's reg. no. in Finland) from previous refund decision
The FTA has stated that the “code” from the previous refund decision must be included in the new reclaim request. - Funds/partnerships
Details of funds and partnerships are now requested. - Certificate of Residence
The Certificate of Residence now includes a confirmation that beneficial owners of Ireland or the United Kingdom are both resident and domiciled in the respective country.
Non-Individual applicant (VEROH 6163e)
- ‘L’ code (Applicant's reg. no. in Finland) from previous refund decision
The FTA has stated that the “code” from the previous refund decision must be included in the new reclaim request.1 - Funds/partnerships
Details of funds and partnerships are now requested. - Accounting period
Confirmation of accounting period of the claimant at the time of dividend payment must be included. This is used for the FTA to calculate the interest on refunds that must be paid by the FTA to the applicant in addition to the actual reclaim amount. - Legal status
Details of the legal status of the beneficial owner are now requested. - Certificate of Residence
The certificate of residence must now be included as a separate document and must be included per reclaim application.
Impact on customers
The old reclaim application form (VEROH 6203) currently remains valid but the FTA recommend the use of the new forms because they require the entry of information that the old form did not include.
In these circumstances, using the old application might mean that the FTA would have to request the additional details separately, which could delay processing of the reclaim application.
Further information
For further information, customers may contact the Clearstream Banking2 Tax Help Desk on:
| Luxembourg | Frankfurt | Singapore | |
| Email: | tax@clearstream.com | tax@clearstream.com | tax@clearstream.com |
| Telephone: | +352-243-32835 | +49-(0) 69-2 11-1 3821 | +65-6597-1665 |
| Fax: | +352-243-632835 | +49-(0) 69-2 11-61 3821 |
or Clearstream Banking Client Services or their Relationship Officer.
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1. For new payments of reclaims, this code will be included in the MT566 when paying the refund to customers. If the customer does not have this code from the old application/decision, we will assist, on a “best efforts” basis, in obtaining it.
2. 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).