ENDE
Announcement

Czech Republic: Certificate of Residence validity criteria

Tax | Czech Republic

Reference

Code
A16056
Service level
CBL
Last Updated
12.04.2016

TAX HELP DESK LUXEMBOURG

E:

tax@clearstream.com

T:

+352-243-3 2835

F:

+352-243-63 2835

Clearstream Banking1 has received confirmation from its local custodian that as of

1 April 2016

a Certificate of Residence will only be validated by the Czech Tax Authorities or issuer provided that the following conditions are met:

  • The original version of the Certificate of Residence is provided; or
  • A notarised and apostilled copy of the Certificate of Residence is provided.
    The notarised and apostilled copy will be mandatory if the Certificate of Residence was issued and stamped electronically by the beneficial owner’s local tax authority, or when a copy of the Certificate of Residence is provided.

In addition, customers are reminded that:

  • The Certificate of Residence should be issued in either English or Czech by the beneficial owner’s local tax authority;
  • The Certificate of Residence should cover the record date of the event for which it is to be used; and
  • The Certificate of Residence remains valid for one calendar year.

Impact on customers

The new rules will have the following impacts on Clearstream Banking customers:

  • As of 1 January 2016, any Certificate of Residence that was issued and stamped electronically and accepted by Clearstream Banking will be submitted by Clearstream Banking’s custodian to the responsible authorities for processing. If accepted, the Certificate of Residence will only remain valid for one particular event. Customers are kindly reminded that Clearstream Banking does not accept any responsibility for the acceptance or non-acceptance of the certification by the Czech Tax Authorities or issuer.
  • As of 1 April 2016, should a beneficial owner provide a copy of the Certificate of Residence, whether issued and stamped electronically or not, will need to have the document notarised and apostilled in their own country of residence.

Further information

For further information about procedures, customers may contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or their Relationship Officer.

------------------------------------------
1. Clearstream Banking refers collectively to 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, and 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.