Greece: Decrease of interest withholding tax rate adopted by parliament
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.
For further information, please contact the Clearstream Banking Tax Help Desk, 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 (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.