Equities - rates, eligibility, availability of relief etc. - Spain (securities held in CBF)
Withholding Tax
| Standard rate of withholding tax: | 19% | Holding requirements / restrictions: | No |
Availability of relief
Click on the image for a larger view of the diagram showing the availability of relief at source and/or reclaim of withholding tax on income from Spanish equities.
| Eligible beneficial owners | Immediate refund | Quick Refund | Standard Refund |
Residents of Double Taxation Treaty (DTT) countries | No | Yes | Yes |
Supranational organisations recognised as such by Spanish law | No | Yes | Yes |
Immediate refund (relief at source) of withholding tax on dividends from equities is not available in the Spanish market.
A full quick refund is available for beneficial owners that are supranational organisations recognised by Spanish law, provided that the appropriate documentation is submitted to LuxCSD.
A partial quick refund is available for beneficial owners that are residents of countries that have concluded a DTT with Spain, provided that the appropriate documentation is submitted to LuxCSD.
The customer can reclaim withholding tax on behalf of the beneficial owner through LuxCSD by submitting the appropriate documentation.
A standard refund is available if a quick refund has not been obtained by an eligible beneficial owner. The customer can reclaim withholding tax on behalf of the beneficial owner through LuxCSD by submitting the appropriate documentation.
Residents of Spain cannot apply for standard refund of withholding tax through LuxCSD.