What ius Tax Refund Procedure?

The Holder, as Beneficial Owner, in order to qualify for the refund of the excess tax withheld has the obligation to submit the following documentation to the Issuer..

Tax Refund Procedure

Banca Comercială Română S.A., with registered office in 15D Soseaua Orhideelor, The Bridge 1, 2nd Floor, 060071 Bucharest, district 6, Romania, registered at the Bucharest Trade Register Office, having registration number J40/90/1991 and the fiscal registration code 361757 (hereinafter “the Issuer”), as the interest income payer according to Romanian fiscal legislation, is obliged to withhold 16% tax rate at source in case that the identity of the Holder, as Beneficial Owner, is not known.

The Holder, as Beneficial Owner, in order to qualify for the refund of the excess tax withheld (i.e. no later than five years from the end of a calendar year in which the payments subject to withholding tax were made), has the obligation to submit the following documentation to the Issuer:

Declaration of the Beneficial Owner for Tax Purposes in respect of reclaiming the withholding tax related to the Income received in relation to the Senior Notes (the Tax Reclaim Declaration)

Beneficial Owner Declaration_Template

PDF (107 KB)

03/04/2025

The tax residence certificate issued by the competent fiscal authority of bondholder’s country of residence, valid for the year when the deduction was made.

Tax Reclaim Declaration_Template

PDF (120 KB)

03/04/2025

The Issuer kindly asks the Holders to submit to the Issuer the documentation described above, as soon as possible, in electronic form to the email address TaxRefund@bcr.ro, and, if the case, by mail, to the address of the registered office of the Issuer:

Banca Comercială Română S.A.
15D Soseaua Orhideelor, The Bridge 1, 2nd Floor
060071 Bucharest, district 6
Romania

Any communication in respect of the refund procedure shall be made directly between the Issuer and the relevant Beneficial Owner, as the Principal Paying Agent is not engaged in the refund procedure.

The Issuer shall proceed in accordance with the then applicable laws of Romania and shall use its reasonable endeavours to obtain the refund or, if the case, will inform the Beneficial Owner that it is not in the position to process such request.

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