SEB is offering clients tax-relief at source for certain clients in Finland and on some Finnish securities that are held with SEB in Sweden.
Relief at source can only be applied if there is a Double Taxation Agreement between Finland and the country of the final beneficial owner. The tax relief is only possible for certain countries decided by the issuer and the Finnish Tax Authority and varies from one issuer to another.
SEB is required to supply the Finnish Tax Authority with a certificate of residence upon request. This certificate shall be issued by the Tax Authority in the country where the client is domiciled for tax purposes.
Further, SEB can only offer tax relief at source under the following circumstances with an absolute deadline of 3.00 p m (CET) at record date + 1: SEB must have a confirmation that covers these new circumstances duly signed by the client. Additionally, the appropriate form has to be sent to SEB by fax and by courier before our deadline of 3.00 p m (CET) on record date +1.