Equities - rates, eligibility, availability of relief etc. - Spain (securities held in CBF)

30.10.2020

Withholding Tax

Standard rate of withholding tax:

19%

Holding requirements / restrictions:

No

Availability of relief

Click on the image for a larger view of the diagram showing the availability of relief at source and/or reclaim of withholding tax on income from Spanish equities.

Eligible beneficial ownersImmediate refundQuick RefundStandard Refund

Residents of Double Taxation Treaty (DTT) countries

No

Yes

No

Supranational organisations recognised as such by Spanish law

No

Yes

No

Immediate refund (relief at source) of withholding tax on dividends from equities is not available in the Spanish market.

A full quick refund is available for beneficial owners that are supranational organisations recognised by Spanish law, provided that the appropriate documentation is submitted to Clearstream Banking.

A partial quick refund is available for beneficial owners that are residents of countries that have concluded a DTT with Spain, provided that the appropriate documentation is submitted to Clearstream Banking.

The customer can reclaim withholding tax on behalf of the beneficial owner through Clearstream Banking by submitting the appropriate documentation.

Residents of Spain cannot apply for standard refund of withholding tax through Clearstream Banking.