Finland: Tax reclaims – Increase in request for supporting documentation by the Finnish Tax Authorities (FTA)

06.08.2020

Clearstream Banking1 would like to inform customers that the Finnish Tax Authorities (FTA) have recently increased their request for obtaining supporting documentation, when processing reclaims of withholding tax on Finnish dividends.

Customers are therefore reminded that the FTA always review the eligibility of the beneficial owners requesting tax reclaims on a case-by-case basis and therefore may request further documentation at any time, should they deem that the provided documentation is not sufficient to grant the requested reclaim.

Impact on customers

Customers are strongly recommended to take swift action and provide, within the stated deadline, the additional supporting documentation should this be requested by the FTA in order to avoid the requested reclaim being rejected by the FTA.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your 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 AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.