Japanese unlisted equities, ETFS and REITs - rates, eligibility, availability of relief etc.
Withholding Tax
| Standard rate of withholding tax: | 20.42% | Holding requirements / restrictions: | No |
The standard rate of Withholding Tax on dividends from Japanese unlisted equities, ETFS and REITs is 20.42% in Clearstream Banking.
The following types of beneficial owner can obtain relief at source from withholding tax on dividends from Japanese unlisted equities, ETFS and REITs on a case-by-case basis, as follows:
- Residents of Double Taxation Treaty (DTT) countries; and
- Tax-exempt beneficial owners.
Important note:
Due to the nature of unlisted securities (for example, no official data source is available), no market practice is applicable for relief at source from withholding tax on income from unlisted equities in Japan and, as such, any relief at source will only be offered by Clearstream Banking on a case-by-case and "best efforts" basis.
If applicable, relief at source from withholding tax is available only if the appropriate documentation is submitted to Clearstream Banking. Customers will be informed in due time, via MT564 tax notification, of the requested tax certification, deadline etc., which may vary depending on the issuer.
A standard refund of withholding tax is not available through Clearstream Banking.