Austria: OneClearstream tax service offering
As previously communicated in Clearstream Banking's1 Announcements C18040 and A18119, Clearstream Banking S.A.2 (CBL) will amend its settlement flow and appoint Clearstream Banking AG3 (CBF) as its single gateway to the T2S Settlement platform. This will lead to the migration of OeKB T2S-eligible securities to CBF on and effective
10 December 2018
This forms part of our ongoing efforts to harmonise our services allowing customers to benefit from advantages across multiple areas of our business. Consequently, the current tax process will be available to all Clearstream Banking customers holding Austrian securities.
Standard withholding tax rates for Austrian securities
- 0% on interest
- 27.5% on dividends.
Tax process
Relief at source and quick refund are not available on dividends paid from Austrian equities.
A reclaim of tax withheld at source on dividends from Austrian equities is available if the final beneficial owner qualifies:
- for the benefit of a reduced rate of withholding tax in accordance with a Double Taxation Treaty (DTT) between its country of residence and Austria or
- for exemption from withholding tax in accordance with §§6 or 21 of the Austrian Corporate Income Tax Act (ACITA - "Körperschaftsteuergesetz").
Note: Residents of Austria cannot reclaim withholding tax through Clearstream Banking.
Customers can reclaim withholding tax on behalf of eligible beneficial owners through Clearstream Banking by submitting the appropriate required documentation. Further details on certification requirements, deadlines, etc are available on Clearstream Banking Market Taxation Guide – Austria.
Further information
For further information, please consult your Customer Service Officer, Customer Relationship Manager or Tax Help Desk.
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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, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
2. Clearstream Banking S.A. (CBL) registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.
3. Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.