Market Taxation Guide - Denmark
This Market Taxation Guide (Denmark) provides the following details:
- Reference information about all taxes applied at source, to securities deposited in Clearstream Banking1 and
- Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through Clearstream Banking.
Additional and improved tax information and procedures that are available will be included on an ongoing basis.
Important note
This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered to be legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.
Withholding tax
Debt securities | Holding restriction? | Withholding | Relief at | Quick | Standard |
No | 0% | ||||
No withholding tax, capital gains tax or stamp duty is levied on interest from Danish debt securities held in Clearstream Banking | N/A | N/A | N/A | ||
Equities | Holding restriction? | Withholding | Relief at | Quick | Standard |
Yes | 27% | ||||
Residents of Double Taxation Treaty (DTT) countries | No | No | Yes | ||
| Tax exempt entities | No | No | Yes | ||
Qualifying U.S. pension funds | No | No | Yes | ||
Residents of a country with an international treaty or convention with Denmark | No | No | Yes | ||
Capital gains tax
Typically, there is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. However, Capital gains tax may be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.
Stamp duty
There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.
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1. “Clearstream Banking” refers to Clearstream Banking AG.