Finland: Proposal to amend the withholding tax rate and relief at source process for dividends approved by parliament


Further to Taxflashes T17028, T18008 and T18041, concerning the Finnish government’s proposal to amend the current tax legislation, Clearstream Banking1 would like to inform customers that the proposal has been approved the Finnish Parliament on 13 March 2019.

The proposal remains unchanged, except for the in-force date for the 50% withholding on non-identified investors resident in Finland, which will be implemented already in 2020. The other parts of the new tax legislation will be applicable to dividends paid on or after 1 January 2021.

We will continue to monitor the situation and will provide further information as it becomes available.

Further information

For further information, customers may contact the Clearstream Banking Tax Help Desk, Clearstream Banking Customer Service or their 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.