Archive

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.

• 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