Portugal: Simplified procedure for Canadian Funds and Trusts applying for DTT benefits - Update
12/14/2020 | 11:23am EDT
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Message : 10.12.2020
Note: This announcement, originally published on 26 November 2020, has been updated to include the application of the procedure to standard refund. Changes have been highlighted. Clearstream Banking
1 informs customers of a new agreement reached by the Portuguese tax authorities (PTA) with the Canadian Revenue Agency (CRA) to simplify the certification process for Canadian funds and trusts to benefit from tax relief in Portugal based on the Double Taxation Treaty (DTT) provisions. Effective
immediately funds and trusts resident of Canada within the terms of the convention are no longer required to provide a Statement for Funds when certifying for relief at source, quick refund or standard refundon equities.