Form descriptions – Germany (CBL)
Reference
One-Time Client Declaration (OTCD) to request German Tax Vouchers
Before requesting German Tax Vouchers via the BO Upload List application or Xact Web Portal, clients must first complete the relevant OTCD:
- OTCD Clearstream Banking S.A. English version.
The OTCD must then be sent via mail to:
Clearstream Services Prague Branch
Tax Services Prague
Futurama Business Park
Building B
Sokolovská 662/136b
18600 Prague 8
Czech Republic
The OTCD needs to be provided on the Clearstream client’s letterhead paper and/or with a company stamp and authorised signatures.
Who completes it? | Client. |
How often is it | Once. Valid for 5 years. |
When is it provided? | Before requesting German Tax Vouchers. |
Copy or original? | Original/Qualified E-Signature (if applicable) required. |
Request for German Tax Voucher or tax reduction breakdown (upload)
The client can file an application for a single tax voucher (“Einzelsteuerbescheinigung”) with respect to either their own assets or to those of their clients. The client can also file an instruction or tax reduction breakdown based on the German Investment Tax Act (Investmentsteuergesetz; InvStG).
An application for a German tax voucher or tax reduction breakdown with respect to a Clearstream client’s assets must be made via electronic upload of a data file in the name of the beneficial owner/end-investor of the capital income (see Guidelines for uploading CSV files for German tax breakdowns and tax vouchers via BO Upload).
Upload processing rejections can be avoided among other by using a dot “." as a separator for shares and fractions. A comma "," should not be used as a separator in your file when ordering German Tax Vouchers. For a full list of guidelines, refer to the German Investment Tax Act (InvStG) web page.
Who completes it? | Client. |
How often is it provided? | Per individual request. |
When is it provided? | Per individual request. |
Copy or original? | Original required. |
Fund Status Certificate
Dividends and similar taxable income in German equities, participation rights and convertible bonds, held by an investment fund company subject to full company tax rate in Germany via Clearstream Banking S.A. can be processed by Clearstream at the reduced tax rate of 15%, if evidence is provided for classification of the investment fund as a fund pursuant to § 1 InvStG only for CEU direct clients.
A foreign investment fund can reclaim overpaid tax exclusively from the federal central tax office (“BZSt”), a relief at source or quick refund is not available through Clearstream.
The refund procedure pursuant to Section 11 InvStG for foreign investment funds holding a fund status certificate is outlined on the federal central tax office website, please refer hereto for detailed information.
The Fund Status Certificate needs to be provided to Clearstream Europe AG before the relevant taxable income payment date.
Who completes it? | The Fund Status Certificate must be requested from the German Tax Authorities. |
How often is it provided? | Once, during the period of validity. The Fund Status Certificate is valid three years. |
When is it provided? | Before the first taxable income payment. |
Copy or original? | Original required. |
