Forms descriptions – relief at source – Bulgarian equities
This paragraph provides information regarding the various tax forms to be completed in order to benefit from relief at source of withholding tax on dividends from Bulgarian equities. The templates of the forms are available on our Tax forms to use section.
Important note
Clearstream Banking informs clients that it is fully dependent on the information provided by its depository with regard to the tax relief at source procedure. Due to current uncertainty on the deadlines for relief at source set up by the depository, the relief at source service is provided on a “best efforts” basis only until Clearstream Banking’s depository provides clear and unequivocal deadlines. Should clients miss the deadline to apply for relief at source, Clearstream Banking recommends that they initiate their tax reclaim as soon as possible after the taxable income payment date.
One-Time Certificate for Bulgarian Withholding Tax purposes
The One-Time Certificate for Bulgarian Withholding Tax purposes should be submitted by all clients in order to confirm amongst others whether the Bulgarian non-listed debt securities are held on behalf of third parties or not.
How many are provided? | One per Clearstream Banking account |
Who completes it? | Clearstream Banking client |
How often is it provided? | Once, it is valid until revoked, unless there is a change in circumstances |
When is it provided? | The latest 7 business days after the applicable dividend record date |
Copy or original? | Original required |
Certificate of residence
How many are provided? | One per beneficial owner |
Who completes it? | The beneficial owner’s local tax authorities |
How often is it provided? | Once per calendar year |
When is it provided? | The latest 7 business days after the applicable dividend record date |
Copy or original? | Original required |
Declaration of the beneficiary
The declaration of the beneficiary should be i) provided in case the Clearstream Banking client holds the Bulgarian equities on behalf of third parties and ii) completed by the last intermediary in the chain having the final beneficial owner in its books.
How many are provided? | One per beneficial owner |
Who completes it? | The last intermediary in the chain |
How often is it provided? | One per tax relief at source application |
When is it provided? | The latest 7 business days after the applicable dividend record date |
Copy or original? | Original required |
Cover letter (related to the declaration of the beneficiary)
In case the Clearstream Banking client i) holds the Bulgarian equities on behalf of third parties and ii) is not the last intermediary in the chain having the final beneficial owner in its books, a cover letter explaining the relationship between Clearstream Banking client, the last intermediary in the chain and the final beneficial owner should be provided along with the declaration of the beneficiary.
How many are provided? | One per beneficial owner |
Who completes it? | Clearstream Banking client |
How often is it provided? | One per tax relief at source application |
When is it provided? | The latest 7 business days after the applicable dividend record date |
Copy or original? | Original required |
List of beneficial owners
The list of beneficial owners should be complete by all clients holding the Bulgarian equities on behalf of third parties.
Who completes it? | Clearstream Banking client |
How often is it provided? | One per tax relief at source application |
When is it provided? | The latest 7 after the applicable dividend record date |
Copy or original? | In original via postal mail |