France: End of the grace period for relief at source documents
Further to announcement C20008, Clearstream Banking1 reminds customers that the grace period for relief at source documents will ends on
15 July 2020
In March 2020, the French Tax Authorities (FTA) extended the validity of the certificates of residence (CORs) provided in 2019 for the benefit of the simplified procedure until 15 July 2020.
No further extension of this grace period was granted by the FTA.
Impact on customers
The Form 5000s provided in 2019 in order to benefit from the double taxation treaty (DTT) through the simplified procedure are valid until 15 July 2020 and must be renewed, in original, before the end of 2020.
Failing to provide the original documentation before the end of 2020 will result in the reversal of the exemption obtained in 2020 and the application of the full 28% withholding tax rate to all dividends received since 1 January 2020.
For further information, please 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, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.