Czech Republic: New statutory deadline for standard reclaims - uncertainty of the applicable period

10.08.2017

Further to our announcement A17093 dated 26 June 2017, regarding the harmonisation of the statutory deadline to two years with effective date 1 July 2017, Clearstream Banking1 would like to advise customers that our depository has now announced that the applicable period for the new deadline remains uncertain.

Impact on customers

Due to the lack of clarity in the market concerning the period for which the new statutory deadline is applicable, customers wanting to reclaim the tax withheld at source on behalf of final beneficial owners are recommended to file their application for standard refund following the current practice until further clarification has been provided.

We continue to monitor the information available on the market and will provide more information as it becomes available.

Further information

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

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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 AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.