France: Renewal of Form 5000 and Form RPPM for tax relief on French dividend income - reminder - update
Note: This announcement originally published on 23 January 2018 has been updated to show a later deadline for the receipt of certificates in Clearstream Banking. Changes are highlighted.
Following the announcements A17174 of 13 December 2017 and A17186 of 28 December 2017, Clearstream Banking1 reminds customers that the certification required for obtaining tax relief on French dividends paid in 2018 must be renewed at the latest by
16 March 2018
To ensure the proper taxation of all eligible beneficial owners at source upon registration of the appropriate certification in the context of the new structure, all customers are requested to provide the new Forms 5000 and RPPM2 for each beneficial owner and per each applicable account as explained in the previous announcements mentioned above. In the absence of valid forms or instructions, the impacted holdings will be taxed at the maximum standard withholding tax rate that is currently 30%.
For further information about the withholding tax procedures for French equities, please refer to the Clearstream Banking Market Taxation Guide - France.
Customers may contact the Clearstream Banking Tax Help Desk or 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 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.
2. We remind customers to use the correct template that is the last version published by the French Tax Authorities Millesime 2017 – Cerfa*03.