Form descriptions – Standard refund – Slovak corporate bonds, including bank bonds (CBF)
The following is a list of information regarding the various tax forms to be completed in order to benefit from standard refund of withholding tax on income from Slovak corporate bonds, including bank bonds. The templates of the forms are available on the Tax Forms to use section.
Request for Tax Reclaim in relation to Slovak debt securities
The document should be provided by each beneficial owner. It must be dated and signed by the beneficial owner and printed on letterhead paper or with the company stamp.
How many are provided? | One per beneficial owner. |
Who completes it? | Beneficial owner. |
How often is it provided? | One per reclaim application . |
When is it provided? | Before the applicable standard refund deadline. |
Copy or original? | Original required. |
Letter of Request to Clearstream Banking for reclaim of Slovak withholding tax (LOR)
The Letter of Request authorises Clearstream Banking to reclaim withholding tax from the Slovak Tax Authorities on the client's behalf.
Clients can also mention their own reference number (column Y of the breakdown) in the dedicated field of the LOR.
Who completes it? | Client. |
How often is it provided? | Per reclaim application. |
When is it provided? | At the latest, by the Clearstream Banking refund deadline. |
Copy or original? | Original required. |
Certificate of tax residence (COR)
For each beneficial owner requesting a standard refund from Slovak withholding tax, a valid COR must be issued. This Certificate is considered as valid if:
- It covers the payment date. Its validity is for one year from its issuance date. Should it define a specific period, the document will be valid for that particular period only, regardless of the date of issuance.
- It is issued or approved by the local tax authorities of the beneficial owner’s country of residence.
- It confirms that the beneficiary is resident within the meaning of article 4 of the tax convention between its country of tax residence and the Slovak Republic and is subject to corporate income tax without any possibility of an option for being exempt
- It is duly signed and stamped by the local tax authorities of the beneficial owner’s country of residence.
- It is either in English language or bilingual (Slovak and English).
- It is presented in its original form or as a certified copy (original upon request).
- It is presented double-sided, Clearstream Banking will not take any responsibility if the form is rejected by the depository for this reason.
Who completes it? | Beneficial owner's tax authorities. |
How often is it provided? | Per reclaim application. |
When is it provided? | At the latest, by the Clearstream Banking refund deadline. |
Copy or original? | Original or certified copy required. |
Declaration of ultimate beneficial owner (UBO)
The request should be provided by beneficial owners. It must be dated and signed by the beneficial owner or its legal representative under power of attorney and detail the reclaim request.
How many are provided? | One per beneficial owner. |
Who completes it? | The beneficial owner. |
How often is it provided? | One per reclaim application. |
When is it provided? | Before the applicable standard refund deadline. |
Copy or original? | Original required. |
Credit advice
The credit advice issued by the last financial institution paying the beneficial owner should be provided by all clients wishing to introduce a standard reclaim. It identifies income payment details including the security type, gross amount of payment, date of payment and amount of tax withheld.
Upon request from the Slovak Tax Authorities, a full chain of credit advices from the beneficial owner to Clearstream Banking must be provided.
Who completes it? | The financial institution paying the final beneficial owner. |
How often is it provided? | One per reclaim application. |
When is it provided? | Before the applicable standard refund deadline. |
Copy or original? | Original or certified copy required (original upon request). |
Power of attorney from the beneficial owner to its representative (PoA)
If the client or a third party completes the reclaim forms on behalf of the beneficial owner, a PoA must be provided to Clearstream Banking.
How many are provided? | One per beneficial owner. |
Who submits it? | Beneficial owner. |
How often is it provided? | Once, until revoked. |
When is it provided? | Before the applicable standard refund deadline. |
Copy or original? | Original required |