Quick refund - Estonian Vestima fund securities - Estonia - CFCL

Eligible beneficial owners

The following beneficial owners are eligible to obtain a quick refund from withholding tax on dividend payments on Estonian Vestima fund securities:

Documentation requirements

For the purpose of obtaining quick refund on behalf of eligible beneficial owners, clients must submit to Clearstream Fund Centre, before the relevant deadlines, the following documentation:

• One-Time Certificate for Estonian IVestima fund securities; and
• Breakdown of Holdings (requesting the quick refund); and
• Certificate of residence (only required for DTT individuals); and
• Declaration of Beneficial ownership (only required for DTT individuals):
• Power of attorney (if applicable)

And upon request

• Certificate of residence
• Other supporting documentation

To comply with the requirements of the Estonian Tax Law, Clearstream Fund Centre may be required to disclose our or/and the beneficial owners’ identity and holdings for any income event. Clients therefore undertake to provide Clearstream Fund Centre, promptly upon request at any time, with such information as may be necessary to substantiate the accuracy of the clients instruction for a reduced tax rate.

Clients shall hold Clearstream Fund Centre harmless for any loss, cost, expense, liability or damage that Clearstream Fund Centre could face in case of any tax adjustment Clearstream Fund Centre would need to perform on their account, no matter when this adjustment would take place.

Deadline

In order to benefit from quick refund on Estonian Vestima fund securities, clients must ensure that the accurate documentation is submitted by the following deadlines:

When are refunds received?

The estimated time for receiving a refund is up to 30 calendar days from the date on which Clearstream Fund Centre receives the certified documents for quick refund, although this can vary depending on the issuer and when the application is filed.