The Finnish Ministry of Finance has launched a public consultation on draft legislation that would introduce new transparency-related measures in relation to dividends withholding tax. The draft provides for the following: A 50% withholding tax on dividends paid on nominee registered shares to unidentified entities (35% if recipient's country of residence has been provided, but other required information has not, including beneficial ownership information); New requirements for dividend payers to verify eligibility for reduced rates provided under applicable tax treaties; Increased liability for dividend payers for tax improperly withheld; and New refund procedures for excess tax withheld. Click the following...