How to continue to receive tax relief on Finnish security dividends
Do you hold Finnish securities? We were previously able to assist you in obtaining tax relief on your Finnish dividends without collecting additional documentation from you. Due to new requirements in Finland and local central securities depositories (CSDs), you now need to follow the instructions below to continue to receive tax relief on your dividends from Finnish securities.
Withholding tax relief is applicable if you have Finnish securities through Euroclear Finland
Please, note that Euroclear Sweden, the central securities depository that holds and administers your Finnish shares in Sweden, has announced that they will cease relief at source and quick tax refund services effective 01 Jan 2022. Due to this announcement, financial institutions, including Danske Bank, are not able to conduct tax relief services on Finnish shares kept in Euroclear Sweden on your behalf.
Furthermore, due to local CSD rules, you may need to validate that you are eligible for this service if you have Finnish shares through Euronext Securities Copenhagen or VPS Norway. To understand where your securities are held, please contact your advisor directly.
New legislation means that you have to complete a form
New tax legislation in Finland that took effect on 1 January 2021 affects our ability to continue to provide the tax relief service on Finnish securities. If you would like to continue to receive the service, you need to fill out a form (Investor Self-Declaration). This will enable us to assist you to obtain tax benefits, which you will be eligible for with respect to future dividend payment.
1. Press one of the buttons below to go to the relevant form
2. Read, complete, print, and sign the form
3. Return the form to us via our secure upload portal at the bottom of this page. Alternatively, you may send it to us via mail to:
33JN Tax Services
Holmens Kanal 2-12
1092 København K, Danmark
Private individual Business or other entity
We will apply for a tax relief on your behalf for any dividends you will receive in the future, provided that we have received the completed and signed form from you and following our processing of the form.
What happens if you do not complete the form?
If we do not receive the completed form from you:
• We cannot help you obtain tax relief on your dividends from your Finnish securities
• We will be obliged to continue withholding the maximum Finnish tax rate of 35%, in addition to your local country’s tax rate.
Please note that, as an alternative to completing the form, you can reclaim excess tax with the Finnish Tax Authorities yourself in the tax year 2022 for dividends received in the tax year 2021. For more information and links to the relevant forms, please go to https://www.vero.fi/en/
Renewal of the Investor Self Declaration
This form has to be renewed every five years. We will contact you in due time in this respect. Moreover, please contact us to renew the form if you experience changes that affects the tax reduction you are entitled to, such as change of tax residence, change of relevant tax legislations, and opening of new custody accounts, etc.
To learn how we handle your data please visit: Privacy Notice (danskebank.se)
Do you have any questions?
If you have any questions, you are welcome to contact us at +45 45 14 37 60 or firstname.lastname@example.org. Please note that we cannot offer you any tax advice.
We encourage you to reach out to your legal counsel or tax advisors for any advice before signing the Investor Self-Declaration Form.
Upload your declaration form here
Below you can upload your files. You can upload a maximum of 10 files at a time. Accepted file formats are Word/docx/doc, Excel/xslx/xls, Pdf, Tekst/txt, Jpeg/jpg, Png or Gif.
Please note that the maximum file size is 4 MB per file.
By signing and submitting the form, you authorise Danske Bank A/S to make the necessary tax reporting to the Finnish Tax authorities on your behalf.
When processing the form, Danske Bank A/S may use any information we have collected from you, including information collected for the purpose of complying with anti-money laundering regulation
By signing and submitting the form, you confirm that you have read and understood the instructions for filling in and submitting the form.