Tax certification
LuxCSD accounts certified for U.S. tax purposes
It is mandatory for clients wishing to invest in any security that may distribute income or deemed income that is taxable/reportable for U.S. tax purposes to certify their LuxCSD account prior to making any such investment.
Please contact the Tax Help Desk for full details and LuxCSD templates to be used.
Withholding tax
Income from international securities may be subject to tax depending on the terms and conditions of the issue. The taxability for a given ISIN is also visible in the Codelist application and via Xact Web Portal.
Where withholding tax is applicable, tax relief may be available either at source or through a tax refund (regardless of the tax service offered on the domestic market).
Capital gains tax
Typically, there is no capital gains tax withheld through LuxCSD on international securities held in LuxCSD. However, capital gains tax may be payable on specific gains. LuxCSD does not assist in this regard. Please consult your tax advisor for further information.
Stamp duty
There is no stamp duty withheld through LuxCSD on securities held in LuxCSD. However, stamp duty may be payable on specific transactions. LuxCSD does not assist in this regard. Please consult your tax advisor for further information.