Portugal: Amended list of tax haven countries and territories

Effective

immediately

the Portuguese official gazette (Diário da República n° 214) has published an amended list of countries and territories considered as tax havens by the Portuguese tax authorities. The amended list came into force on Wednesday, 9 November 2011.

Impact on customers

Both Cyprus and Luxembourg have been removed from the list of Tax Haven countries/territories.

From 9 November 2011, beneficial owners who are resident for tax purposes in Cyprus or Luxembourg are now eligible to hold Portuguese domestic bonds in Clearstream Banking and are no longer considered as residents of a tax haven country/territory.

Countries defined as tax havens

AndorraGuamPitcairn
AnguillaGuianaPuerto Rico
Antigua and BarbudaHondurasQatar
Antilles, NetherlandsHong KongSan Marino
ArubaIsle of ManSanta Lucia
AscensionJamaicaSeychelles
BahamasJordanSolomon Islands
BahrainKeslim IslandsSt. Christopher and Nevis
BarbadosKiribati IslandSt. Helena
BelizeKuwaitSt. Pierre and Miquelon
BermudaLabuanSt. Vincent and Grenadines
BoliviaLebanonSamoa, American
BruneiLiberiaSamoa, Western
Cayman islandsLiechtensteinSvalbard Islands
Christmas IslandMaldivesSwaziland
Cocos (Keeling) IslandsMariana IslandsTokelau Islands
Cook IslandsMarshall IslandsTonga
Costa RicaMauritiusTrinidad and Tobago
DjibutiMonacoTristan da Cunha
DominicaMontserratTurks and Caicos
English Channel IslandsaNauruTuvalu Island
Falkland islandsNiue IslandUnited Arab Emirates
FijiNorfolk IslandUruguay
French PolynesiaOmanVanuatu
GambiaPacific Islands (Trust Territory of the)Virgin Islands, British
GibraltarPalau IslandsVirgin Islands, United States
GrenadaPanamaYemen

a. Including Jersey, Guernsey, Alderney, Sark and Herm

Further information

For further information, please contact the Clearstream Banking Tax Help Desk on:

LuxembourgFrankfurt
Email:tax@clearstream.comtax@clearstream.com
Telephone:+352-243-32835+49-(0) 69-2 11-1 3821
Fax:+352-243-632835+49-(0) 69-2 11-61 3821

or Clearstream Banking Customer Service or your Relationship Officer.

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