Spain: Temporary suspension of Tax Voucher issuance and standard refund services for 2024 payments
Clearstream Banking1 informs clients that effective
immediately
Tax Voucher issuance and standard refund services are suspended until further notice. This is due to recent changes published by the Spanish Tax Authorities regarding new reporting requirements for these services and the very short timeframe to adjust the current reporting requirements accordingly.
Impact on clients
This suspension only applies to payments which were made in 2024 and for which the statutory deadline for reclaiming withholding tax using the standard refund procedure is four years following the income payment date.
Clearstream Banking is currently working closely with its Spanish Tax Advisor and local partner to re-open the service as soon as possible. Further information will be announced as soon as it is available.
Important information
Clearstream Banking has been informed that final legal investors asking for standard refund on income paid over 2024 will have to provide the LEI code in their standard tax instructions to comply with the applicable tax regulation.
Further information
Further information will be provided when the service is available. There is no change applicable to the refund requests for payments prior to 2024.
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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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.