The Finnish Ministry of Finance has announced that on 12 April 2019, the Finnish President approved the laws for the introduction of new transparency-related measures in relation to withholding tax on dividends paid on nominee registered shares. The laws provide for the following:
- An increased 35% withholding tax on dividends paid on nominee registered shares to an unidentified beneficial owner (50% rate applies if the beneficial owner is known to be tax resident in Finland);
- New eligibilit…