Greece: New tax bill postpones implementation date for dividend withholding tax increase

26.05.2016

Clearstream Banking1 would like to inform customers that further to our Tax Announcement A16068, dated 12 May 2016, the Greek Parliament has on 22 May 2016 voted into law a new tax bill concerning the increase of withholding tax on dividends from 10% to 15%.

The previous tax bill announced that the new rate would be applicable with retrospective effect on income earned from 1 January 2016 onwards.

The newly voted tax bill postpones the effect of the increased rate to dividend income earned from 1 January 2017 onwards.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk or Clearstream Banking Client Services or your 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.