New Flow for Specific Taxation Treatment

Informative

New Flow for Specific Taxation Treatment

Currently, if an investor benefits from a special tax condition – due to their country of residence or economic activity – he or she needs to regularly send proof of their tax status to registrars and/or issuers.

This project will create a flow that will allow custodians of investors who benefit from these conditions to request specific taxation assessment from authorized registrars at B3’s Listed Central Depository.

Registrars, in turn, can confirm and assign these exception tax rates more quickly, allowing automatic provisioning of cash corporate actions.

Project Tags:

Depository

Listed

Completed

Listed

Product benefits

Faster povisioning

Allows automatic provisioning of cash corporate actions at a specific rate to the special tax condition.

Lower operating risk

Avoids possible errors in maintaining the investor's tax rate.

Details about the exception tax rate flow

The specific taxation request does not exempt submission of documents by the investor or investor's custodian

Custodians may link their investors to the respective specific taxation flows that correspond to the special tax condition to which the investor is linked.

It should be noted that linking investors through this flow offered by B3 does not exempt investors or theirs custodians from submitting supporting documents to the registrar

The registrar will assess the investors' request, and it will be up to the registrar to assign the term in which the investor will be linked to this special tax condition.

Timeline

01/31/2024

01/31/2024
Start of Certification

Start of Certification
03/29/2024

03/29/2024
Start of parallel production

Start of parallel production
06/28/2024

06/28/2024
Go-live

Available to the market