Denmark: New power of attorney required for tax reclaim service
Further to Announcement C22015, Clearstream Banking1 informs its customers that effective
11 July 2022
a new updated version of the form “Power of Attorney for Tax Reclaim Processes Follow-up – dividends paid with record date on or after 11 July 2022” must be used, when transmitting a tax reclaim request, in relation to Danish dividend distributions with record date on or after 11 July 2022.
For dividend payments prior to this date the current version remains valid (“Power of Attorney for Tax Reclaim Processes Follow-up – dividends paid with record date prior 11 July 2022”).
The amendment process follows the upgrade of the existing link to Euronext Securities Copenhagen, where Clearstream Banking will access Euronext Securities Copenhagen for settlement in T2S via Clearstream Banking AG.
Impact on customers
Customers wishing to use the tax reclaim procedure, for Danish dividend distributions with record date on or after 11 July 2022, must use the new version of power of attorney, which will be published in the Market Taxation Guide - Denmark in due course.
For further information, customers may contact Clearstream Banking Tax Help Desk, Clearstream Banking Client Services 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.