Greece: Circular for application of tax for non-residents on gains from bonds revoked
Reference
The Greek Ministry of Finance published Circular 1145/16.05.2014 on 16 May 2014 to completely revoke Circular 1117/25.04.14 that aimed to clarify the practical method for the application of tax on gains derived by non-resident beneficial owners from Greek Government bonds and Corporate bonds.
The Ministry of Finance clarified that the new Circular is applicable until further notice and no further additional clarification is expected in relation to Corporate Bonds and to the method for the tax calculation.
This is further to our announcement A14063, dated 5 May 2014.
We continue to monitor the market and will inform our customers as soon as further information becomes available.
Further information
For further information, customers may contact the Clearstream Banking1 Tax Help Desk on:
| Luxembourg | Frankfurt | Singapore | |
| Email: | tax@clearstream.com | tax@clearstream.com | tax@clearstream.com |
| Telephone: | +352-243-32835 | +49-(0) 69-2 11-1 3821 | +65-6597-1665 |
| Fax: | +352-243-632835 | +49-(0) 69-2 11-61 3821 |
or Clearstream Banking Client Services or their Relationship Officer.
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1. 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 (CBF) and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).