Relief at source – Norwegian equities
Dividend payments distributed from Norwegian equities are subject to 25% withholding tax by default in Clearstream Banking.
Eligible beneficial owners
The following beneficial owners are eligible to obtain relief at source from withholding tax on dividend payments on Norwegian equities:
Equities | |
Beneficial owner | Tax rate |
Non-resident of a DTT country | DTT |
Non-resident EEA entities qualifying for the tax-exemption method – Note a | 0% |
0% |
Documentation requirements
For the purpose of obtaining relief or exemption at source on behalf of eligible beneficial owners, clients must submit to Clearstream Banking, before the relevant deadlines, the following documentation:
To enlarge click on the image
Deadline
The deadlines for the submission of the documentation to obtain relief at source of withholding tax on dividends on Norwegian equities are as follows:
Document | Deadline for receipt by Clearstream Banking |
Approval letter from the Norwegian Tax Authorities | Four business days prior to the record date of the first dividend payment by 10:00 CET |
Attestation | Four business days prior to the record date of the first dividend payment by 10:00 CET |
Beneficial owner certificate | Four business days prior to the record date of the first dividend payment by 10:00 CET |
Four business days prior to the record date of the first dividend payment by 10:00 CET. | |
Declaration of unchanged tax status for entities claiming tax exemption | Four business days prior to the record date of the first dividend payment by 10:00 CET. |
Declaration of unchanged tax status for Luxembourg SICAV organised as UCITs claiming tax exemption | Four business days prior to the record date of the first dividend payment by 10:00 CET. |
Per-payment instruction | One business day after the record date of each dividend payment by 10:00 CET |
One-Time Certificate for Norwegian Equities | Four business days prior to the record date of the first dividend payment by 10:00 CET. |
Power of Attorney | Four business days prior to the record date of the first dividend payment by 10:00 CET. |