Bulgaria: Exemption of listed corporate bonds

18.02.2014

With effective date

1 January 2014

amendments to the Corporate Income Tax Act (CITA) have been published in the official gazette.

The most important change provides for the exemption of tax on income from listed corporate bonds paid to both resident and non-resident beneficial owners.

Note: Unlisted corporate bonds remain subject to tax.

Impact on customers

The income from the listed corporate bonds will be distributed gross by the issuer and the former tax will no longer apply. No action is required from Clearstream Banking1 customers.

The procedure to apply will be communicated, before each impacted event, through our usual SWIFT notification.

Further information

For further information, customers may contact the Clearstream Banking Tax Help Desk on:

LuxembourgFrankfurtSingapore
Email:tax@clearstream.comtax@clearstream.comtax@clearstream.com
Telephone:+352-243-32835+49-(0) 69-2 11-1 3821+65-6597-1665
Fax:+352-243-632835+49-(0) 69-2 11-61 3821

or Clearstream Banking Customer Service or their Relationship Officer.

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1. Clearstream Banking refers to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).

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