Form descriptions – Relief at source – Swedish equities
The following is a list of information regarding the various tax forms to be completed in order to benefit from relief at source of withholding tax on dividends from Swedish dividends. The templates of the forms are available in the Tax forms to use section.
One-Time Certificate for Swedish Equities | |
A one-time certification that provides certain statements regarding the beneficial owner of the securities. | |
How many are provided? | One per account or specified set of accounts. |
Who completes it? | Client. |
How often is it provided? | Once. Valid until revoked. |
When is it provided? | One business day after the record date of the first dividend payment by 10:00 CET. |
Copy or original? | Original required. |
Per-payment instruction
Clients must submit their per-payment instruction, via an MT565 Corporate action instruction message in Xact via Swift or a CA Instruction in Xact Web Portal, when requesting relief at source on dividends from Swedish equities.
The per-payment instruction must be provided for each tax rate and country of tax residence requested, if applicable, and include:
- Impacted Clearstream Banking account number;
- ISIN;
- Corporate ID;
- Total holding;
- Number of shares for which the reduced or exempt tax rate applies.
Additionally, the following formatting information is required in the per-payment instruction for beneficial owners who are eligible for full tax exemption (0%):
Xact via Swift | Xact Web Portal |
:95V: OWND Beneficial Owner | The beneficial owner’s details under the “Party”. |
:94C: DOMI Country of Domicile | Country of domicile (for beneficial owner details) |
:70E: CETI Legal status of the beneficial owner (international organization, foreign government, UCITS fund or non-UCITS fund) | The beneficial owner’s legal status under the “Narrative”. |
For full formatting requirements of these instructions, clients should refer to the MT564 Corporate Action event notification and to the Xact via Swift User Guide.
How many are provided? | One per Clearstream Banking account and per each tax rate and country of residence required. |
Who completes it? | Client. |
How often is it provided? | Per relevant payment. |
When is it provided? | At the latest one business day after the record date of each relevant dividend payment by 10:00 CET. |
Copy or original? | The per-payment instruction must be delivered via an Xact via Swift (formatted MT565) or Xact Web Portal message. |
Certificate of exemption
A certificate of exemption must be submitted when the client requests full tax exemption for an organisation or foreign government recognised as tax-exempt by the Swedish Tax Authorities.
The form is applicable to obtain tax exemption at source or to apply for a quick or standard refund.
How many are provided? | One per account or specified set of Clearstream Banking accounts. |
Who completes it? | Swedish Tax Authorities. |
How often is it provided? | (Relief at source) once. |
When is it provided? | (Relief at source) one business day after the record date of the first dividend payment by 10:00 CET. |
Copy or original? | Original required. |
UCITS certificate stating that the fund is qualified under the UCITS IV Directive (2009/65/EC)
A certificate must be submitted when the client requests full tax exemption for a fund that qualifies for exemption under the UCITS IV Directive (2009/65/EC).
The form is applicable to obtain tax exemption at source or to apply for a quick or standard refund.
How many are provided? | One per account or specified set of Clearstream Banking accounts. |
Who completes it? | Local authority, similar to the Swedish Financial Supervisory Authority. |
How often is it provided? | (Relief at source) once. |
When is it provided? | (Relief at source) one business day after the record date of the first dividend payment by 10:00 CET. |
Copy or original? | Copy required. |
Non-UCITS certificate stating that the fund is authorised to market and sell units of the fund in Sweden
A certificate stating that the fund is authorised to market and sell units of the fund in Sweden must be submitted when the client requests full tax exemption for a non-UCITS fund.
The form is applicable to obtain tax exemption at source or to apply for a quick refund.
How many are provided? | One per account or specified set of Clearstream Banking accounts. |
Who completes it? | The Swedish Financial Supervisory Authority. |
How often is it provided? | (Relief at source) once. |
When is it provided? | (Relief at source) one business day after the record date of the first dividend payment by 10:00 CET. |
Copy or original? | Copy required. |
List of beneficial owners
The list of beneficial owners complements the "One-Time Certificate for Swedish Equities" and the per-payment instruction. It provides the details of beneficial owners that obtained the reduced rate at source/quick refund, the security details and holdings in the security.
How many are provided? | One per Clearstream Banking account. |
Who completes it? | Client. |
How often is it provided? | Upon request. |
When is it provided? | Upon request. |
Copy or original? | Original required. |
Certificate of residence and other supporting documentation
Upon Clearstream Banking’s request, clients must provide Clearstream Banking with any additional information, which Clearstream Banking may request in relation with those beneficial owners for whom relief at source is requested or has been applied for through Clearstream Banking.
Such documentation may be requested in case there is uncertainty regarding the beneficial owner’s eligibility for a reduced tax rate.
How many are provided? | One per Clearstream Banking account. |
Who completes it? | Authorities, client, beneficial owner (as applicable). |
How often is it provided? | Upon request. |
When is it provided? | Upon request. |
Copy or original? | Original required. |