France: Relief at source deadlines for eligible foreign CIVs - Reminder

26.03.2014

Following our announcement A13131 of 19 September 2013, we remind customers that, in order to benefit from tax exemption through a relief at source procedure on dividends paid to final beneficial owners that are eligible foreign Collective Investment Vehicles (CIVs), the following certification and instructions must be submitted by the deadlines below:

  • Form RPPM - Revenus et profits du patrimoine mobilier:
    at the latest seven business days before the first applicable dividend payment date.
  • A per-payment detailed List of Beneficial Owners (Upload BO list facility):
    at the latest one business day before record date, by 10:00 CET. In cases of changes to the list due to late trade settlement, an amended BO list can be loaded on record date, by 10:00 CET at the latest, but such amended list will only be accepted if a previous BO list had been sent within the first deadline (record date -1 business day, by 10:00 CET).
  • A per-payment Corporate Action Instruction (via a formatted SWIFT or CreationOnline MT565 message):
    at the latest one business day before payment date, by 10:00 CET.

We remind customers that no standard refund service is currently offered by Clearstream Banking local custodian. As a consequence, in case the deadlines for relief at source have not been met by the customer, no other possibility to recover the tax withheld at source is available via Clearstream Banking.

Further information

For further information, customers may contact the Clearstream Banking1 Tax Help Desk on:

LuxembourgFrankfurtSingapore
Email:tax@clearstream.comtax@clearstream.comtax@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 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).