Taxation - International (CBL)
Withholding tax
Income from international securities may be subject to tax depending on the terms and conditions of the issue. The taxability for a given ISIN is also visible via Codelist application on the Clearstream Banking website and via Xact Web Portal.
Where withholding tax is applicable, tax relief may be available either at source or through a tax refund (regardless of the tax service offered on the domestic market).
Capital gains tax
Typically, there is no capital gains tax withheld through Clearstream Banking on International securities held in Clearstream Banking. However, capital gains tax may be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.
Stamp duty
There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.