Taxation of dividends
This information is directed to non-Finnish resident shareholders of Sampo plc.
Withholding tax lower than 35% only exceptionally available at source for nominee-registered shares.
From 2021 onwards, dividends payable on nominee-registered shares will generally be subject to a withholding tax of 35%. In certain situations specified by law, the withholding percentage may be lower, e.g. where a custodian which is registered with the Finnish Register of Authorised Intermediaries and which is closest to the dividend recipient reports the necessary information to the Finnish Tax Administration.
Shareholders should contact their custodian to inquire about the withholding tax rates applicable to them as of 2021 onwards.
Obtaining refund of withholding tax
If the dividend recipient considers itself to be entitled to dividend withholding tax at a rate lower than applied at the time of the dividend distribution, the dividend recipient may apply for a refund. The application can be made with the recipient's Finnish account operator through the chain of foreign custodians during the year of the dividend payment (quick refund, if available) and after that (for a period of three years) directly with the Finnish Tax Administration. This can be done by either contacting the shareholder’s custodian or by submitting a refund application to the Finnish Tax Administration, either on paper or electronically:
Additional information from the Finnish Tax Administration
Additional information on withholding tax reclaims can be obtained from the Finnish Tax Administration either:
- by e-mail firstname.lastname@example.org (for corporations only); or
- via the Tax Administration general telephone and chat helplines (for both individuals and corporations)
Please note that Sampo does not process withholding tax reclaims.