Form descriptions – Relief at source – Maltese debt securities
The following is a list of information regarding the various tax forms to be completed in order to benefit from relief at source of withholding tax on interest payments from Maltese debt securities. The templates of the forms are available in the Tax forms to use section.
One-Time Certificate for Maltese Debt Securities
A one-time certification that provides certain statements regarding the beneficial owner of the securities.
How many are provided? | One per LuxCSD account or specified set of accounts. |
Who completes it? | Client. |
How often is it provided? | Once. Valid until revoked. |
When is it provided? | Five business day before the record date of the first income payment by 10:00 CET. |
Copy or original? | Original required. |
Per-payment instruction
Clients must submit their per-payment instruction, via an MT565 Corporate Action Instruction message in Xact via Swift or a CA instruction in Xact Web Portal, when requesting relief at source on interest payments from Maltese debt securities.
The per-payment instruction must be provided for each tax rate requested, if applicable, and shall include:
Impacted LuxCSD account number;
ISIN;
Corporate ID;
Total holding;
Requested tax rate;
Number of securities to which the requested tax rate applies.
Additionally, the following formatting disclosure of Maltese residents is required in the per-payment instruction, in the following sections, depending on the beneficial owner type:
Beneficial owner details | Xact via Swift (Sequence C: BENODET) | Xact Web Portal (Sequence: Beneficial owner details) |
All beneficial owners | ||
Legal status:
| :70E: CETI | Narrative |
Maltese residents only | ||
Full name | :95V: OWND | Party |
Address for tax purposes | :95V: OWND | Party |
Country of tax residence | :94C: DOMI | Country of domicile |
Tax number / Company registration number (legal entities only) OR ID card number (individuals only) | :95S::ALTE//TXID | BO TIN |
a. Even if clients hold Maltese debt securities on behalf of a Maltese tax resident beneficial owner that is subject to the maximum default withholding tax rate of 15% through LuxCSD, the respective client must disclose to Clearstream Banking the details of the beneficiary resident in Malta since such disclosure is required by the local Central Security Depository for reporting purposes.
How many are provided? | One for every LuxCSD account and for each tax rate required. |
Who completes it? | Client. |
How often is it provided? | Per relevant payment. |
When is it provided? | One business day prior to each income record date, by 10:00 CET. |
Copy or original? | The per-payment instruction must be delivered via Swift (formatted MT565) or Xact Web Portal message. |
For full formatting requirements of these instructions, clients should refer to the MT564 Corporate Action Notification message and to the Xact via Swift User Guide.