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Germany: New deadline for refund claims, dividends paid to tax-exempt investors

Germany: New deadline for refund claims

The German Ministry of Finance (BMF) in early August 2019 granted an extension of the deadline for investment funds to file a refund claim on behalf of tax-exempt investors with a German paying agent or sub-custodian. The new deadline is 31 December 2019.


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In general, under the standard 18-month deadline, if a dividend is paid on 15 January 2018, the reclaim would have to be filed with the German paying agent or sub-custodian by 15 July 2019. However, because of the slow functioning of a new template provided by the German tax authorities with respect to a bank’s IT systems, the result was that a refund claim could only be filed in the second half of 2019—toward the end of the 18-month deadline for dividends paid in the first six months of 2018. Accordingly, the Ministry of Finance granted a deadline extension to 31 December 2019 for dividends paid before 1 July 2018.

Read an August 2019 report prepared by the KPMG member firm in Luxembourg

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