Reference
Effective
immediately
the Mod 111 (to be used for refund applications on all Italian government bonds and corporate bonds subject to DL239/19961) and the Domanda di Rimborso/Refund claim (to be used for refund applications on equities) must be submitted on double-sided A3 format in order to be accepted by Clearstream Banking2.
New templates available under Tax Forms to use - Italy have been created in order to correspond to the required A3 format. Customers should ensure the correct setup of their printer in order to obtain the acceptable result.
Background
The Centro Operativo di Pescara (“COP”) of Agenzia delle Entrate (the Italian Tax Authorities) has recently provided Clearstream Banking with clarifications on the standard refund process stating that all forms submitted for reclaiming tax overwithheld at source that are completed inter alia by the local tax authorities of the final beneficial owner, must be submitted on double-sided A3 format.
The justification is to have all the information on one single paper sheet and create the link between the section completed by the local tax authorities and the rest of beneficial owner’s data completed in the other sections.
If the forms are submitted in A4 format, a valid Certificate of Residence covering the payment date of the respective event must be provided in addition to the refund form for each refund application.
Further information
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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1. The form Modulo di rimborso della ritenuta su obligazioni emesse da società is no longer part of Clearstream Banking’s standard refund procedure on Italian corporate bonds.
2. 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.