Form descriptions - Quick refund - Portuguese debt securities - securities held in CBF
Information is provided here about the forms and their use in relation to the procedure for quick refund of withholding tax on income from Portuguese bonds under Law 83/2013, as follows:
Form MOD 25-RFI
The Mod. 25-RFI contains the beneficial owner's information and the interest payment details. It must be stamped (legal entities or legal representative) and signed by the beneficial owner. If not stamped, a list of authorised signatures must be provided. For further completion guideline, refer to Completing Mod. 25-RFI.
Important: Clearstream Banking only requires page 2 (Copy for the direct registrar of the securities or the representative) and 4 of Mod. 25-RFI. It must be printed double-sided with page 4 on the reverse side of page 2.
How many are provided? | One per beneficial owner. |
Who completes it? | Beneficial owner or its legal representative under POA. |
How often is it provided? | Per quick refund application. |
When is it provided?a |
|
Copy or original? | Original |
Master Instruction Portuguese Debt Securities – DL 193/2005 Of November 7
One-time declaration per account or sub-account that provides certain statements regarding the beneficial owner(s) of the securities. The customer certifies, among other information, that the Portuguese debt securities held in the account specified and subject to the withholding tax regime are held exclusively for one single or several beneficial owners that are eligible for tax exemption or applying for reduced tax rates.
It is valid until revoked. If any change occur that render any of the details in the Master Instruction untrue, a new Master Instruction must be forwarded to Clearstream Banking and/or the existing one must be revoked.
How many are provided? | One per Clearstream Banking account. |
Who completes it? | Customer. |
How often is it provided? | Once. Valid until revoked. |
When is it provided? |
For residents of Portugal entitled to full QR or to 25/28% : At the latest, on the 10th of the month (or the last business day prior to the 10th, if the latter is not a business day) following the month in which the interest payment was made, by 10:00 CET. |
Copy or original? | Original required. |
Certificate of Residence (COR)
The COR or an equivalent document must be delivered, signed and stamped by the beneficial owner’s local tax authorities.
- It must confirm the residency of the beneficial owner for tax purposes and cover the period when the withholding tax took place; and
- confirm that the beneficial owner is subject to tax in its country of residence.
How many are provided? | One per beneficial owner |
Who completes it? | Beneficial owner’s local tax authorities. |
How often is it provided? | Every three years. |
When is it provided? |
|
Copy or original? | Original. |
Self-Declaration for Tax Exemption/Reduced rate on Portuguese bonds and Equities Beneficial Owner Not Resident in Portugal
One-Time declaration completed and signed by the non-resident beneficial owner of the securities. The beneficial owner certifies, among other information, its status and eligibility to tax exemption on the securities held through Clearstream Banking account.
How many are provided? | One per beneficial owner |
Who completes it? | Beneficial owner or its legal representative under POA. |
How often is it provided? | Once, valid until revoked |
When is it provided? |
|
Copy or original? | Original. |
One-time declaration from the tax authorities or public body
One-time declaration issued by the tax authority or by the competent public body in beneficiary’s State of residence responsible for the regulatory supervision of its business attesting that it was validly created under the laws of its State of residence as well as its domicile.
It must be provided by Credit institutions, financial companies, pension funds, insurance companies and Collective Investment Vehicles (CIVs) domiciled in an OECD Member State or in a DTT country.
How many are provided? | One per beneficial owner |
Who completes it? | Beneficial owner’s tax authority or competent public body |
How often is it provided? | Once, valid until revoked |
When is it provided? |
|
Copy or original? | Original. |
Self-Declaration for Tax Exemption/Reduced rate on Portuguese Bonds and Equities Beneficial Owner Resident in Portugal.
One-Time declaration completed and signed by the resident beneficial owner of the securities. The beneficial owner certifies, among other information, its status and eligibility to tax exemption or a reduced rate on the securities held through Clearstream Banking account.
How many are provided? | One per beneficial owner |
Who completes it? | Beneficial owner or its legal representative under POA. |
How often is it provided? | Once, valid until revoked |
When is it provided? |
|
Copy or original? | Original. |