Relief at source - Estonian Vestima fund securities - Estonia - CFCL

Eligible beneficial owners

The following beneficial owners are eligible to obtain relief at source from withholding tax on dividend payments on Estonian Vestima fund securities:

Documentation requirements

For the purpose of obtaining relief or exemption at source 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 Vestima fund securities; and
• Breakdown of Holdings (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 dividend 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 client’s 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 tax relief at source on Estonian investment funds, clients must ensure that the accurate documentation is submitted by the following deadlines: