Greece: Amended tax rates on interest from Greek bonds : Update

Hellenic CSD (HCSD), the Greek central securities depository, has communicated that, until final clarification has been received from the Greek Ministry of Finance concerning the taxation of non-resident legal entities, they intend to apply the 15% withholding tax on interest derived from corporate bonds for all investors.

This is further to our Announcement A14002, dated 2 January 2014.

Clarification of the taxation of non-resident legal entities is expected from the Greek Ministry of Finance within the coming weeks.

We continue to monitor the Greek market for new developments and will provide more information as it becomes available.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.