ENDE
Announcement

Germany: Reporting enhancements due to the German Investment Tax Act Reform

Xact Web Portal | Tax | Germany

Reference

Code
C19013
Service level
CEU OneClearstream
Last Updated
14.05.2019

TAX HELP DESK LUXEMBOURG

E:

tax@clearstream.com

T:

+352-243-3 2835

F:

+352-243-63 2835

Further to our Announcements D19021 and  D17047, regarding the implementation of the new German Investment Tax Act “Investmentsteuergesetz; InvStG”, Clearstream Banking AG1 informs OneClearstream customers in detail about the impact on reporting for tax reclaim processing . The new reporting will be available from

24 June 2019

Reporting

MT564 Claim and Reversal Advice (CRA)

In addition to details of a detected market and reverse market claim being subject to compensation by Clearstream, the MT564 Market claim and Reversal Advice will provide information to customers for the partial reversal notifications for CBF OneClearstream customers in the context of the German Investment Tax reform.

The report will be produced for all eligible events or for the events selected by customers upon subscription.

The code :23G:ADDB used in connection with :22F::ADDB//TAXR notifies a partial  reversal in the context of the German Tax reform.

The code :23G:REPE used in connection with :22F::ADDB/TAXR notifies a partial  repayment  in the context of the German Tax reform.

MT566 Corporate Action Confirmation

The MT566 CA confirmation report will be updated to show partial repayment confirmations and partial reversal confirmations as follows:

  • :23G:NEWM and :22F::ADDB//TAXR (Partial Reversal Confirmation or Partial Repayment Confirmation).
  • The field :22F:: ADDB//TAXR (in sequence C) reports a Tax Refund.
  • In case of a Partial Reversal Confirmation, the MT566  includes section A1 LINK  and reports the SEME of the MT566 NEWM  message being reversed in field :20C::PREV.

Xact Web Portal: Report scheduling of updated CRA

When scheduling the MT564 Market Claim and Reversal Advice, a new option ”Tax Refunds” will be available in addition to "Market Claims“ and ”Reversals”, if the selected entity is CBF.

”Tax Refund messages” are visible in the CA events query.

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 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