Denmark: Validity of reclaim forms 02.051 and 02.050
Further to our Announcement A17050, dated 9 March 2017, concerning the Danish Tax Authorities (SKAT) implementation of electronic filing of standard reclaims as of 1 April 2017, Clearstream Banking1 would like to inform customers that our depository has obtained further clarification from SKAT in regards to the validity of the form Place of residence statement (Form 02.051 for companies etc. and form 02.050 for private individuals).
It was previously stated that the form remains valid for one calendar year, meaning from the date it is stamped by the local tax authorities and until the end of the calendar year.
However, as clarified with SKAT, the new form will be considered as valid for the period indicated in the fields “From (date)” and “Until (date, if known), which must be completed according to the following rules:
The date as of when the individual was first resident or moved to its country of residence;
The date when the company was first established or moved to the country of residence.
Until (date, if known):
- Individuals and companies
The date on which the beneficial owner left the country of residence.
If the beneficial owner is still resident in the relevant country of residence, then the field “Until (date, if known)” should be left blank. The validity end date for such forms will instead be the date when the form is issued (dated) by foreign tax authorities.
The form will consequently only be considered valid for the dividend payments paid during this period.
Impact on customers
Customers wishing to reclaim tax on Danish dividends through the standard refund procedure via Clearstream Banking must follow the above process with immediate effect.
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 Clearstream Banking Frankfurt (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.