Greece: Decrease of dividend withholding tax rate - update
Further to our Taxflash T19007, concerning the draft tax law proposing to decrease the withholding tax on dividend distributions from Greek equities from 15% to 10%, Clearstream Banking would like to inform customers that the respective law 4603/2019 has now been published in the Government Gazette (GG A48-14.3.2019).
Impact on customers
The amended tax rate will be applicable for income earned from 1 January 2019.
Customers are however informed that Greek sourced dividend income is considered as earned at the time, when the issuer’s shareholders approve and decide the distribution of profits at the annual general meeting. The new dividend withholding tax rate of 10% will therefore apply to dividend distributions that are approved from 1 January 2019.
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your 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.