Dividend tax reclaim info18 Jul 2018 19:31
from the ferrexpo website ...
http://www.ferrexpo.com/sites/default/files/attachments/pdf/dividend-letter-2018.pdf
(i) UK tax resident shareholders
The current double tax treaty between the United Kingdom and Switzerland may entitle
you to a certain reclaim of Swiss Withholding Tax on the dividend. Qualifying UK resident
shareholders will be able to claim back 4/7ths of the 35 per cent Swiss Withholding Tax,
leaving a net tax cost of 15 per cent of the taxation levied by the Swiss authorities on the
basis that you are, under UK taxation law, already obliged to pay tax on the gross amount
of the dividends (which are treated as income for taxation purposes) received from the
Company.
RECLAIM PROCEDURES
(ii) UK resident shareholders
Three copies of Swiss tax Form 86, duly completed and signed, must be sent to the
to the tax office in the United Kingdom to whom your income tax return is made (or to
the tax office for the district in which you reside, if you have not made such a return).
The tax office has to certify the forms and the claimant shall subsequently send the
first two copies of the claim to the Federal Tax Administration of Switzerland,
Eigerstrasse 65, CH 3003 Berne, Switzerland, no later than 31 December of the third
year following the calendar year in which the dividend became due. Rights to
repayment arising in one calendar year must be claimed in a single claim. The
relevant Form 86 can be found or ordered on the homepage of the Swiss Federal
Tax Administration (http://www.estv.admin.ch).
The claim must be accompanied by evidence of deduction of Swiss Withholding Tax.
In general, a certificate of deduction, signed bank voucher or credit slip will satisfy
this requirement. A dividend voucher will be provided at the time of payment.
However, the Swiss administration reserves the right to request further evidence and
information.
Dividend statements issued by financial institutions outside of Switzerland must be
accompanied by an additional Tax Voucher for a valid claim of refund of Swiss
Withholding Tax. The Tax Voucher has to be provided by the financial institution.
The claim form may be filed by a representative on behalf of the beneficial owner,
provided that the representative is formally authorised by a power of attorney (which
must be attached to the form).
Please note: If your Ordinary Shares are held through a custodian, then the reclaim
may be automatically generated on your behalf. You should therefore check with
your custodian whether the reclaim will be made on your behalf.
We have been advised by the Swiss tax authorities that refunds may take some
months to obtain, so you are advised to make your application as soon as possible.
Refunds will be paid in Swiss francs.
Sign In
Follow the stocks
