Greece: Introduction of omnibus account at AthexCSD – withholding tax impact


Further to our Announcement A21037, Clearstream Banking1 would like to inform customers of the withholding tax impact on income distributions derived from Greek equities and corporate bonds. which became effective on

12 April 2021

as a consequence of the migration of securities to the new omnibus account at AthexCSD.

Withholding tax rates

The following withholding tax rates apply:

Income type

Default withholding tax rate

Interest distributions from corporate bonds

The withholding tax rate will increase from 0% to 15%

Dividend distributions from equities

No change, the withholding tax rate will remain at 5%

Relief at source and standard refund

Relief at source and reclaim of the 15% withholding tax on interest from corporate bonds and the 5% withholding tax on dividend from equities are not available via Clearstream Banking.

Further information

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.