close
Share with your friends

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.

1000

Related content

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

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal