Japan: Change to the validity of the Application Form for Withholding Tax

18.02.2016

Clearstream Banking1 wishes to inform customers that effective

immediately

there has been a change to the validity of the previous version of the Application Form for Withholding Tax Exemption (submitted before 1 January 2016) and which has also been clarified.

Impact on customers

In reference to A15226, dated 4 December 2015, as a result of the annual tax reform approved by the Diet in 2013, the previous version of the Application Form for Withholding Tax Exemption, submitted before 1 January 2016, will be considered as valid for 5 years as from 1 January 2016.

For example, a previous version of the Application Form for Withholding Tax Exemption submitted with a date 16 October 2013 which was previously valid until revoked will only be valid until 31 December 2020.

Important note:

Customers holding Japanese Government Bonds (JGBs), Japanese Corporate and Municipal Bonds and Discount Bonds having the previous version of the Application Form for Withholding Tax Exemption in place (submitted before 1 January 2016) must ensure that the renewal of the Application Form is performed in due course, before the expiry date (31 December 2020).

We remind customers that for relief at source, a valid Application Form has to be in place prior to the first investment Japanese Government Bonds (JGBs), Japanese Corporate and Municipal Bonds and Discount Bonds.

Further information

For further information about procedures, customers may contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services 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, and 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.