Finland: OECD TRACE model – FTA publishes final guidance regarding Authorised Intermediaries’ responsibilities and liabilities
Clearstream Banking1 would like to inform customers that further to the Finnish government’s decision to implement a new tax relief at source procedure in accordance with the Organisation for Economic Co-operation and Development (OECD) Treaty Relief and Compliance Enhancement (TRACE) model from 1 January 2021, the Finnish Tax Administration (FTA) has published the final guidance in English regarding Authorised Intermediaries’ responsibilities and liabilities.
Customers may view the FTA's guidance and further published information regarding the upcoming legislative changes for nominee-registered shares directly on the FTA’s website.
Further information
Clearstream Banking continues to monitor the Finnish market and will provide more information as it becomes available.
For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.