Relief at source - eligibility, documentation, deadlines - Russian equities


Who can obtain relief at source?

Relief at source of withholding tax on dividends is available through Clearstream Banking for beneficial owners as follows:

Eligible beneficial owners

Rate applicable at source

Residents of Double Taxation Treaty (DTT) countries

DTT ratea

Tax exempt entities recognised by Russian law


Russian residents

15%b  since 1 January 2021


a. The DTT rate must be lower than 15%.

b. 13% until 31 December 2020.

Documentation requirements

All customers holding Russian equities must submit:

  • One-Time Certificate for Russian Equities - before the first impacted dividend payment; and
  • Breakdown of Holdings - before each impacted dividend payment.

Deadlines for receipt of documents

Documentation for relief at source of withholding tax on dividends from Russian equities must be received by Clearstream Banking at the latest one business day after Record Date, by 10:00 CET.