Finland: Updated One-Time Certificates for relief at source process published – Standard DTT rate

Clearstream Banking¹ informs clients that effective

immediately

updated versions of the three One-Time Certificates for publicly listed Finnish equities have been published under Tax forms to use – Finland.

In section 1.A, related to the standard Double Taxation Treaty (DTT) rate, the reference to a specific tax rate has been removed to avoid the need for renewal of the One-Time Certificates should the standard DTT rate change.

All other sections of the One-Time Certificates remain unchanged.

Impact on clients

At present, the previous versions of the One-Time Certificates remain valid for all clients.

However, clients who have beneficial owners eligible for the standard DTT rate, as per section 1.A, may already renew their One-Time Certificates to avoid the need for renewal should the standard DTT rate change in the future.

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. 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 (for Clearstream Banking AG clients using Creation accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.