Germany: OGAW-IV UCITS IV Directive and the Annual Tax Law 2013 : update
Further to our Announcement L12095, dated 19 December 2012, we hereby inform customers of Clearstream Banking1 that the Federal Ministry of Finances in Berlin has published an application letter regarding withholding tax procedures.
The Federal Ministry of Finances, in consultation with the state’s financial authorities, has declared that, in anticipation of a change to the tax law, the regulations regarding the tax on capital income levied in accordance with §§ 43 to 45d EStG, in the version of the law decision of the German parliament of 2 November 2012 (Upper House printed matter 632/12) shall apply to income payments made after 31 December 2012.
Therefore, the defined tax regulations will, from the 1 January 2013, be extended to cover convertible bonds, certificates, profit-sharing certificates and participating certificates and will be integrated into the OGAW-IV UCITS IV Directive and processing.
Further information
For further information, customers may contact the Clearstream Banking 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.
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, 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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