Beneficial owners recognised in Japan – CFCL (Vestima)

Residents of Double Taxation Treaty (DTT) countries

Relief and reclaim procedures are in place for residents of DTT countries with regard to withholding tax on income from the following Vestima fund security types, as indicated:

• Listed ETFs and REITs:
  
  The standard rate of withholding tax on dividends from Japanese listed ETFs and REITs is 15.315% in Clearstream Fund Centre. Relief at source is available to beneficial owners who are eligible for a reduced rate of withholding tax, in accordance with a DTT between Japan and their country of residence. By submitting the appropriate documentation, clients can apply through Clearstream Fund Centre for a standard refund on behalf of beneficial owners for whom relief at source has not been obtained.

Tax-exempt beneficial owners

• Listed ETFs and REITs:
  
  The standard rate of withholding tax on dividends from Japanese listed ETFs and REITs is 15.315% at Clearstream Fund Centre. Exemption at source is available to beneficial owners that duly qualify. By submitting the appropriate documentation, clients can apply through Clearstream Fund Centre for a standard refund on behalf of beneficial owners for whom exemption at source has not been obtained.