Czech Republic: Updated procedure for International and Supranational Organisations
Further to Announcement A15192, dated 7 October 2016, that confirmed that International and Supranational Organisations were eligible to benefit from a full tax exemption on income payments from Czech securities, Clearstream Banking1 would like to inform customers that further clarifications regarding the certification requirements were provided by our depository UniCredit Bank Czech Republic and Slovakia, a.s., as described below:
- Should the Czech Republic be a member of the International/ Supranational Organisation and should this organisation be listed on the website of the Czech Ministry of Finance, the “proof of the International/Supranational organisation status” is not required in order to benefit from the tax exemption.
- Should the Czech Republic not be a member of the International/ Supranational Organisation and/or should this organisation not be listed on the website of the Czech Ministry of Finance, the “proof of the International/Supranational organisation status” is mandatory in order to benefit from the tax exemption.
This update applies to relief at source, quick refund and standard refund procedures.
The Market Taxation Guide - Czech Republic will be updated in due course.
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 CBF customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.