Webcast series: Update on tax services in selected markets

03.06.2024

Clearstream invites clients to a series of webcasts on tax services for selected markets following an introduction session on related Xact Web Portal features.

What to expect? 

The sessions will guide you through the enhanced tax query functionalities in Xact Web Portal and inform about tax certification and refund processing specifics in Italy, Japan (domestic market only), Spain and the U.S.A.

The sessions are listen-only webcasts. Participants can post questions in the Q&A channel during the webcast. All queries will be answered individually via email afterwards.

All sessions will be conducted in English.

How to register?

These events are free of charge but are subject to registration.

Prior to each individual webinar session, a news containing a registration link will be posted on this website. Subscribed clients will receive an email alert, respectively.

Stay tuned!

When? 

Session

Date

Time

Topic

1

Wed, 12 June 2024

10:00–10:30 SGT

Xact Web Portal – Tax query modules

  • Tax Certification Query
  • Tax Refunds Query
  • Instrument Taxability Query

2

Wed, 26 June 2024

10:00–10:30 CEST

Xact Web Portal – Tax query modules

  • Tax Certification Query
  • Tax Refunds Query
  • Instrument Taxability Query

3

Wed, 17 July 2024

10:00–10:30 CEST

U.S.A.

  • Certification process (QI-NQI-OA) and related reporting via Forms 1099/1042-S 
  • Timeline of Form 1042-S (Foreign Person‘s U.S. Source Income Subject to Withholding)
  • Delivery of the annual final classified reporting at Clearstream Banking S.A. (CBL)
  • CBL cut-off date for refunds claims
  • Adjustments to tax withheld arising from late certification
  • Hands-on practice: Reconciliation via Xact Web Portal prior to 1042-2 report release

4

Wed, 7 August 2024

10:00–10:30 CEST

Spain

  • Spanish refund: immediate vs quick vs standard refund for debt instruments

Italy

  • How to calculate Italian tax on trades and settlement instructions
  • Italian standard refund for debt instruments, proactive tax reclaim service for Italian debt securities

5

Wed, 18 September 2024

10:00–10:30 SGT

 Japan

  • Tax certification for JGB, corporate bonds, Samurai bonds and equities
  • Refunds for equities

6

Wed, 9 October 2024

10:00–10:30 CEST

Japan

  • Tax certification for JGB, corporate bonds, Samurai bonds and equities
  • Refunds for equities