Finland: Trace – Validity of ISD-E form - reminder


Clearstream Banking1 reminds customers holding own assets (acting as final beneficial owner), that the validity of the ISD-E form, used, for the purpose of obtaining relief at source or quick refunds on dividend distributions from Finnish equities, in general is the below: 

  • five years from the end of the calendar year in which it is signed and dated by the Investor; or 
  • until further notice, if the Investor is a government or international organisation.

We further remind customers, that it is solely the beneficial owner's responsibility, at all relevant times to: 

  • ensure that the information given in the ISD-E form are up-to-date and correct;
  • pay attention to the certifications that are given in the ISD-E form and to contact the tax authority of their country of residence or the Finnish Tax Administration insofar as the tax treaty definition or if Finnish domestic law is unclear to the beneficiary;
  • monitor the expiration of such ISD-E form and either provide renewals of such form or, immediately on expiration of such form, to provide instructions to have the correct applicable Finnish withholding tax deducted.

Impact on customers

Customers, acting as beneficial owners and receiving dividend payments from Finnish equities are reminded to comply with the above requirements, should they wish to benefit from relief at source or quick refund procedure.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.


1. This Announcement is published by 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.