Forms descriptions - relief at source - Hungarian equities

02.12.2015

This paragraph provides information regarding the various tax forms to be completed in order to benefit from relief at source of withholding tax on dividends from Hungarian equities. The templates of the forms are available on our Tax Forms to use section.

One-Time Certificate for dividend payments on Hungarian equities

The One-Time Certificate for dividend payments on Hungarian equities should be submitted by all customers before the first applicable interest payment date.

The document specifies whether the customer is the sole beneficial owner of all Hungarian securities held in the account. Any changes to any details must be communicated in a new One-Time Certificate.

How many are provided?

One per Clearstream account.

Who completes it?

Clearstream's customer.

How often is it provided?

Once, it is valid until revoked.

When is it provided?

Once before the first applicable relief at source deadline.

Copy or original?

Original required.

List of beneficial owners

The list of beneficial owners should be complete by all customers for each relief at source application. It indicates:

  • A breakdown of positions according to the final beneficial owners status and residency
  • For individuals resident in a DTT country: complete data of each beneficial owner (full name, birth name, date and place of birth, gender, mother’s full maiden name, full address, nationality and passport/card ID number).

The document must be uploaded electronically via the BO Upload facility under “Applications” on the Clearstream Banking website.

How many are provided?

One per relief at source application.

Who completes it?

Clearstream's customer.

How often is it provided?

One per relief at source application.

When is it provided?

Before each applicable relief at source deadline.

Copy or original?

Not applicable.

Certificate of residence

An original Certificate of Residence should be provided by private individuals residents in a DTT country. It should be issued in English by the beneficial owner’s local tax authorities in the year for which it is to be used.

The document is valid from the date of the signature until the end of the respective calendar year.

How many are provided?

One per beneficial owner.

Who completes it?

The beneficial owner’s local tax authorities.

How often is it provided?

Once per calendar year.

When is it provided?

Before the first applicable relief at source deadline of the year.

Copy or original?

Original required.

Declaration of beneficial ownership (DBO)

A Declaration of beneficial ownership should be completed and signed by individuals resident in a DTT country, if it is requested by the applicable DTT.

The document must be provided for each relief at source application.

How many are provided?

One per beneficial owner.

Who completes it?

The beneficial owner.

How often is it provided?

One per relief at source application.

When is it provided?

Before each applicable relief at source deadline.

Copy or original?

Original required.