ClearstreamXact: Enhanced German Tax Voucher request functionalities
Further to Announcements C24018 and C22037, Clearstream Banking1 informs clients that effective
18 November 2024
enhanced German Tax Voucher functionalities will be available in Xact Web Portal and the German Tax Voucher Request Template.
Impact on clients
Xact Web Portal
It will be possible to request, correct and cancel Tax Vouchers from the Xact Web Portal without using the template (the template is recommended for high volume requests).
New Tax Voucher Request screen
A new screen is available to make tax voucher requests online without the need of the Excel template.
Tax Voucher corrections or cancellation
It is also possible to edit and easily correct mistakes on submitted requests and even issued tax vouchers.
Cancellations of Tax Vouchers can now also be easily requested online at any time in its entire lifecycle.
Tax Voucher Request Template updates
The German Tax Voucher Request Template has been enhanced with additional fields to include the country of emission for for a Tax Identification Number, a second Beneficial Owner (if required) and the possibility to correct the information of a Tax Voucher.
Tax Identification Number (TIN) country for non-German TINs
If a foreign TIN is provided, the country of emission of the TIN has to be specified in a new field, under position 20 in the template.
Additional Beneficial Owner
New fields to allow a second Beneficial Owner (BO) are added at the end of the existing list of fields, from position 32 to 48 in the template.
In addition to the name, address and tax identifier fields for the second BO, there is a specific field under position 35 in the template to indicate that the second BO is the spouse of the first BO.
Corrections
Clients can now request to correct an error in a tax voucher request or an already issued voucher.
This is possible using new Correction tab in the Template as well as online in the Xact Web Portal.
Further information
Please refer to the Clearstream website for more information about Xact Web Portal or Xact File Transfer.
For further information, please contact the Clearstream Connectivity Helpdesk or your Relationship Manager.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.