Sweden: Tax reclaims for foreign investment funds (contractual funds) : update

13.11.2012

Further to our Taxflash T12019, dated 6 June 2012, the ruling of the Swedish Administrative Court of Appeal that beneficial owners that are foreign investment funds established on contractual grounds (such as FCPs or common contractual funds) are to be considered exempt from withholding tax on dividends from Swedish equities has now become final.

However, it is as yet not known how the Swedish Tax Agency will act on this judgement.

Impact on customers

Customers of Clearstream Banking1 should send standard refund applications on behalf of such eligible beneficial owners directly to the Swedish Tax Authorities at the following address:

Skatteverket
Storföretagsregionen
Stockholmskontoret
Attn: Raija Ilola Jaafs
SE-116 81 Stockholm
Sweden

Further information

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

LuxembourgFrankfurt
Email:tax@clearstream.comtax@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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