Please note all customers (issuers, issue administrators, participants, public authorities, etc.) that with effect from 18 November 2024 (inclusive), the output structures (XML format) of the electronic services of the My Depository portal will change in connection with the change of the interface of the Confidential Information Services Interface 7.5. The change concerns services submitted:
- via the external interface
- via the My Depository portal
- via forms and processed by CDCP Employees
The new interface with a description of the changes is available at www.cdcp.cz in the Technical Information section or at the following link here.
Please also note in particular informatuon about the country of residence for tax purposes and the death of the account holder.
Country of residence for tax purposes
As of November, country of residence for tax purposes will be recorded for the asset account as agreed with the CSD participants. Filling in the information then means the person, through the participant, declares that he or she is the ultimate owner and subject to taxation in that country. In this situation, the administrator may apply a 15% rate when taxing the proceeds of the securities without further documentation if the country in question has a double taxation treaty with the Czech Republic and if the proceeds are not assigned to another person. If the country in question applies a rate lower than 15%, the person must prove his tax residency to the administrator in order for this lower rate to be applied.
Indication of the death of the account holder
By amending Act No 256/2004 Coll. on Capital Market Business, the CDCP was granted temporary access to the basic registers. The CSD intends to obtain information on the owners of unclassified accounts during the first half of 2025 and to register the death data for these accounts. The CSD does not record the date of death of the account holder, only the fact of death. The information will be included in the issuance record statement and in the unallocated account holder’s account statement. The CSD notes that, due to the temporary nature of access to the basic registers, it cannot guarantee that the date of death will be recorded for all deceased persons in the future.