Greece: Decrease of interest withholding tax rate adopted by parliament

17.12.2019

Clearstream Banking1 would like to inform customers that effective

1 January 2020

and following the adoption of a new tax bill by the Greek Parliament on 6 December 2019, the withholding tax on interest distributions from Greek corporate bonds and bonds issued by credit unions operating as credit institutions will be reduced from 15% to 0%, when distributed via Clearstream Banking.

Impact on customers

The amended tax rate will be applicable for interest payments paid as of 1 January 2020. 

Further information

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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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.