2018
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Russian securities. Foreign nominees

Document name Files
1. REGULATIONS ON THE PROCEDURE FOR PERFORMANCE OF WITHHOLDING AGENT FUNCTIONS
under the Russian Tax Code
Old version (2016) + Markup
243 kB
Clean, Final 2016
244 kB
Appendices to the Regulations:  
1.1. Form of a Power of Attorney in the Name of an Authorized Tax Representative
40 kB
1.2. Document Forms  
Tax Disclosure Statement (Form GF065) (Guidelines for Completion)
72 kB
2. RULES FOR TAX PROCEDURES
under the Russian Tax Code

367 kB
Appendices to the Rules:  
2.1. Document Forms  
Tax Disclosure Processing Report (Form GS650)
67 kB
Withholding Agent’s Tax Calculation and Withholding Report (Form GS651)
40 kB
2.2. Dividend Payment Diagram
175 kB
2.3. Interest Payment Diagram
110 kB
3. TAX RATES  
3.1. NSD’s Terms and Conditions of applying tax rates in accordance with the provisions of the Russian Tax Code and double taxation treaties of the Russian Federation
273 kB
3.2. Key conditions to confirm the tax jurisdiction
190 kB

3.3. Key Conditions to Confirm the Actual Right to Receive Income


170 kB
4. TAX PROCEDURE TECHNIQUES
340 kB
4.1. Specifications of Electronic Documents Used by NSD as a Withholding Agent (Tax Disclosure Structure as an XML File, XSD Schema)
127 kB
4.2. Guidelines for Completion of Tax Disclosure
325 kB
4.3. List of Notifications and Messages
295 kB
4.4. Reference Lists  
List of Tax Rates and References under Double Taxation Treaties of the Russian Federation
631 kB
General tax rates under the Russian Tax code
378 kB
List of Country Codes and Names for Tax Disclosure Purposes
64 kB
List of Foreign Countries’ Competent Authorities
365 kB
List of countries that may provide documents without an apostille stamp
250 kB
5. TAX DISCLOSURE EXAMPLES  
5.1. Tax Disclosure Example No.1 – Dividend Payment
400 kB

1 kB
5.2. Tax Disclosure Example No.2 – Dividend Payment
400 kB

2 kB
5.3. Tax Disclosure Example No. 3 – Interest Income Payment
400 kB

3 kB
5.4. Tax Disclosure Example No. 4 – Disclosure of Russian Organizations for Corporate Bonds
435 kB

Foreign Securities

Tax Reliefs Applicable for Income Payment on U.S. Securities. IRS Forms

When income is paid on U.S. securities, NSD provides services that allow reducing the tax rate as part of the ‘Withholding Tax Relief Certification’ (WTRC) corporate action. Information on the possibility to apply tax exemptions and reliefs and information on how these could be applied is communicated directly to holders of U.S. securities before the payment of income on such securities. Time limits for submission of applications for the participation in the ‘Withholding Tax Relief Certification’ (WTRC) corporate action are determined on a case-by-case basis for each particular income payment on U.S. securities in line with the time limits determined for information disclosure to the relevant ICSD, and are communicated to the holders of the relevant U.S. securities.

By default, income on U.S. securities is subject to the 30% tax rate. To reduce the tax rate on income on U.S. securities at the source of income payment in accordance with the rules of identification of non-U.S. financial intermediaries and securities owners who are subject to the U.S. tax laws, NSD’s clients must submit the following identification forms:
  • For owner securities accounts:
    • Completed and signed Form W-8BEN-E (Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities);
    • Completed and signed Form W-8EXP (Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and Reporting);
    • Completed and signed Form W-ECI (Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States);
  • For nominee securities accounts and trustee securities accounts:
    • Completed and signed Form W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding and Reporting) – for each intermediary (nominee holder) in the chain of holders of securities subject to the corporate action;
    • If the beneficial owner of income is an individual – completed and signed Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals));
    • If the beneficial owner of income is an entity – completed and signed Form W-8BEN-E (Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities));
    • If the beneficial owner of income is a foreign government, international organization, foreign central bank of issue, foreign tax-exempt organization, foreign private foundation, or the government of a U.S. possession receiving a taxable payment or a payment from which tax is to be withheld in accordance with Chapter 3 of the U.S. Internal Revenue Code) – completed and signed Form W-8EXP (Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and Reporting);
    • If the beneficial owner of is a foreign person and the beneficial owner of income from a U.S. source that is (or is deemed to be) effectively connected with the conduct of a trade or business in the United States – completed and signed Form W-ECI (Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States);
    • If the beneficial owner is a U.S. person – completed and signed Form W-9 (Request for Taxpayer Identification Number and Certification).

Forms for IRS Tax Procedures

# Form Name Form Completion Instructions
In Russian In English
W-8BEN
70 kB
Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding  
193 kB
W-8BEN-E
293 kB
Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities)
240 kB
W-8IMY
305 kB
Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding  
250 kB
W-8EXP
180 kB
Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and Reporting  
185 kB
W-8ECI
140 kB
Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States  
150 kB
W-9
127 kB
Request for Taxpayer Identification Number and Certification  
147 kB
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2016
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Document name Files
1. REGULATIONS ON THE PROCEDURE FOR PERFORMANCE OF WITHHOLDING AGENT FUNCTIONS
under the Russian Tax Code
Old version (2016) + Markup
243 kB
Clean, Final 2016
244 kB
Appendices to the Regulations:  
1.1. Form of a Power of Attorney in the Name of an Authorized Tax Representative
40 kB
1.2. Document Forms  
Tax Disclosure Statement (Form GF065)  
2. RULES FOR TAX PROCEDURES
under the Russian Tax Code
 
Old version (2015) + Markup
376 kB
Clean, Final 2016
373 kB
Appendices to the Rules:  
2.1. Document Forms  
Tax Disclosure Processing Report (Form GS650)  
Withholding Agent’s Tax Calculation and Withholding Report (Form GS651)  
2.2. Dividend Payment Diagram
175 kB
2.3. Interest Payment Diagram
110 kB
3. TAX RATES  
3.1. NSD’s Terms and Conditions of applying tax rates in accordance with the provisions of the Russian Tax Code and double taxation treaties of the Russian Federation
273 kB
3.2. Key conditions to confirm the tax jurisdiction
190 kB

3.3. Key Conditions to Confirm the Actual Right to Receive Income


170 kB
4. TAX PROCEDURE TECHNIQUES
340 kB
4.1. Specifications of Electronic Documents Used by NSD as a Withholding Agent (Tax Disclosure Structure as an XML File, XSD Schema)
127 kB
4.2. Guidelines for Completion of Tax Disclosure
325 kB
4.3. List of Notifications and Messages
295 kB
4.4. Reference Lists  
List of Tax Rates and References under Double Taxation Treaties of the Russian Federation
615 kB
General tax rates under the Russian Tax code
370 kB
List of Country Codes and Names for Tax Disclosure Purposes
64 kB
List of Foreign Countries’ Competent Authorities
365 kB
List of countries that may provide documents without an apostille stamp
250 kB
5. TAX DISCLOSURE EXAMPLES  
5.1. Tax Disclosure Example No.1 – Dividend Payment
400 kB

1 kB
5.2. Tax Disclosure Example No.2 – Dividend Payment
400 kB

2 kB
5.3. Tax Disclosure Example No. 3 – Interest Income Payment
400 kB

3 kB
5.4. Tax Disclosure Example No. 4 – Disclosure of Russian Organizations for Corporate Bonds
535 kB
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2015
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Document name Files
1. REGULATIONS ON THE PROCEDURE FOR PERFORMANCE OF WITHHOLDING AGENT FUNCTIONS
under the Russian Tax Code

182 kB
Appendices to the Regulations:  
1.1. Form of a Power of Attorney in the Name of an Authorized Tax Representative
40 kB
1.2. Document Forms  
Tax Disclosure Statement (Form GF065)  
2. RULES FOR TAX PROCEDURES
under the Russian Tax Code

460 kB
Appendices to the Rules:  
2.1. Document Forms  
Tax Disclosure Processing Report (Form GS650)  
Withholding Agent’s Tax Calculation and Withholding Report (Form GS651)  
2.2. Dividend Payment Diagram
175 kB
2.3. Interest Payment Diagram
110 kB
3. TAX RATES  
3.1. NSD’s Terms and Conditions of applying tax rates in accordance with the provisions of the Russian Tax Code and double taxation treaties of the Russian Federation
280 kB
3.2. General Tax Rates under the Russian Tax Code applicable by NSD
180 kB
3.3. Key conditions to confirm the tax jurisdiction
190 kB

3.4. Key Conditions to Confirm the Actual Right to Receive Income


170 kB
4. TAX PROCEDURE TECHNIQUES
340 kB
4.1. Specifications of Electronic Documents Used by NSD as a Withholding Agent (Tax Disclosure Structure as an XML File, XSD Schema)
127 kB
4.2. Guidelines for Completion of Tax Disclosure
325 kB
4.3. List of Notifications and Messages  
295 kB
4.4. Reference Lists  
List of Tax Rates and References under Double Taxation Treaties of the Russian Federation
615 kB
General tax rates under the Russian Tax code
370 kB
List of Country Codes and Names for Tax Disclosure Purposes
64 kB
List of Foreign Countries’ Competent Authorities
365 kB
List of countries that may provide documents without an apostille stamp
250 kB
5. TAX DISCLOSURE EXAMPLES  
5.1. Tax Disclosure Example No.1 – Dividend Payment
400 kB

1 kB
5.2. Tax Disclosure Example No.2 – Dividend Payment
400 kB

2 kB
5.3. Tax Disclosure Example No. 3 – Interest Income Payment
400 kB

3 kB
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H2 2014
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Document name Files
1. REGULATIONS ON THE PROCEDURE FOR PERFORMANCE OF WITHHOLDING AGENT FUNCTIONS
under the Russian Tax Code

152 kB
Appendices to the Regulations:  
1.1. Form of a Power of Attorney in the Name of an Authorized Tax Representative
40 kB
1.2. Document Forms  
Tax Disclosure Statement (Form GF065)  
2. RULES FOR TAX PROCEDURES
under the Russian Tax Code

94 kB
Appendices to the Rules:  
2.1. Document Forms  
Tax Disclosure Processing Report (Form GS650)  
Withholding Agent’s Tax Calculation and Withholding Report (Form GS651)  
2.2. Dividend Payment Diagram
175 kB
2.3. Interest Payment Diagram
110 kB
3. TAX RATES  
3.1. NSD’s Terms and Conditions of applying tax rates in accordance with the provisions of the Russian Tax Code and double taxation treaties of the Russian Federation
46 kB
3.2. General Tax Rates under the Russian Tax Code applicable by NSD
33 kB
3.3. Key conditions to confirm the tax jurisdiction
40 kB

3.4. Clarifications with respect to the application of the Tax Code of the Russian Federation

 
Letter from the Ministry of Finance of the Russian Federation No. 03-08-13/61294 dated 01 December 2014
61 kB
Letter from the Ministry of Finance of the Russian Federation No. 03-08-05/36499 dated 24 July 2014
97 kB
Letter from the Ministry of Finance of the Russian Federation No. 03-08-11/30622 dated 25 June 2014
326 kB
Letter from the Ministry of Finance of the Russian Federation No. 03-08-РЗ/27274 dated 5 June 2014
122 kB
Letter from the Ministry of Finance of the Russian Federation dated 09 April 2014 on the application of double taxation treaties for beneficial owners
104 kB
Letter from the Ministry of Finance of the Russian Federation dated 24 March 2014 № 03-08-РЗ/12735 regarding the application of international treaties providing for restrictions on benefits
200 kB

3.5. Web Site of Russian Tax Authorities

 
4. TAX PROCEDURE TECHNIQUES
73 kB
4.1. Specifications of Electronic Documents Used by NSD as a Withholding Agent (Tax Disclosure Structure as an XML File, XSD Schema)
127 kB
4.2. Guidelines for Completion of Tax Disclosure
93 kB
4.3. List of Notifications and Messages  
55 kB
4.4. Reference Lists  
List of Tax Rates and References under Double Taxation Treaties of the Russian Federation
403 kB
General tax rates under the Russian Tax code
62 kB
List of Country Codes and Names for Tax Disclosure Purposes
64 kB
List of Foreign Countries’ Competent Authorities
159 kB
List of countries that may provide documents without an apostille stamp
30 kB
5. TAX DISCLOSURE EXAMPLES  
5.1. Tax Disclosure Example No.1 – Dividend Payment
79 kB

1 kB
5.2. Tax Disclosure Example No.2 – Dividend Payment
80 kB

2 kB
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H1 2014
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Document name Files
1. REGULATIONS ON THE PROCEDURE FOR PERFORMANCE OF WITHHOLDING AGENT FUNCTIONS
under the Russian Tax Code

152 kB
Appendices to the Regulations:  
1.1. Form of a Power of Attorney in the Name of an Authorized Tax Representative
40 kB
1.2. Document Forms  
Tax Disclosure Statement (Form GF065)  
2. RULES FOR TAX PROCEDURES
under the Russian Tax Code

94 kB
Appendices to the Rules:  
2.1. Document Forms  
Tax Disclosure Processing Report (Form GS650)  
Withholding Agent’s Tax Calculation and Withholding Report (Form GS651)  
2.2. Dividend Payment Diagram
175 kB
2.3. Interest Payment Diagram
110 kB
3. TAX RATES  
3.1. NSD’s Terms and Conditions of applying tax rates in accordance with the provisions of the Russian Tax Code and double taxation treaties of the Russian Federation
46 kB
3.2. General Tax Rates under the Russian Tax Code applicable by NSD
33 kB
3.3. Key conditions to confirm the tax jurisdiction
40 kB

3.4. Clarifications with respect to the application of the Tax Code of the Russian Federation

 
Letter of the Ministry of Finance of the Russian Federation dated 09.04.2014 on the application of double taxation treaties for beneficial owners
104 kB
Letter of the Ministry of Finance of the Russian Federation dated March 24, 2014 regarding the application of international treaties providing for restrictions on benefits
70 kB
Letter of the Ministry of Finance of the Russian Federation dated 31.03.2014 on providing documents with the apostille stamp
52 kB
Letter of the Ministry of Finance of the Russian Federation dated 21 January 2014 about the confirmation of tax jurisdiction (Articles 214.6 and 310.1 of the Tax Code of the Russian Federation)  
Letter of the Ministry of Finance of the Russian Federation dated 9 January 2014 about the documents requested by the Federal Tax Service for tax audit purposes (Articles 214.8 and 310.2 of the Tax Code of the Russian Federation)
100 kB

3.5. Web Site of Russian Tax Authorities

 
4. TAX PROCEDURE TECHNIQUES
73 kB
4.1. Specifications of Electronic Documents Used by NSD as a Withholding Agent (Tax Disclosure Structure as an XML File, XSD Schema)
127 kB
4.2. Guidelines for Completion of Tax Disclosure
93 kB
4.3. List of Notifications and Messages  
55 kB
4.4. Reference Lists  
List of Tax Rates and References under Double Taxation Treaties of the Russian Federation
438 kB
List of Country Codes and Names for Tax Disclosure Purposes
64 kB
List of Foreign Countries’ Competent Authorities
159 kB
List of countries that may provide documents without an apostille stamp
30 kB
5. TAX DISCLOSURE EXAMPLES  
5.1. Tax Disclosure Example No.1 – Dividend Payment
79 kB

1 kB
5.2. Tax Disclosure Example No.2 – Dividend Payment
80 kB

2 kB
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2013
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Document name File
NSD Acting as a Withholding agent under the Russian Tax Code
150 kB
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