I This document constitutes the base prospectus of ... - Volksbank AG
I This document constitutes the base prospectus of ... - Volksbank AG
I This document constitutes the base prospectus of ... - Volksbank AG
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
8.1.1 Tax Treatment <strong>of</strong> Austrian Tax Resident Investors ............................................... 271<br />
8.1.2 No Qualification as Units in a Non-Austrian Investment Fund............................... 272<br />
8.1.3 Tax Treatment <strong>of</strong> non-Austrian Tax Resident Investors......................................... 272<br />
8.2 Germany............................................................................................................... 274<br />
8.2.1 General Remarks................................................................................................ 274<br />
8.2.2 German Tax Resident Private Investors................................................................ 274<br />
8.2.3 German Tax Resident Business Investors............................................................. 275<br />
8.2.4. Foreign Tax Resident Investors .......................................................................... 275<br />
8.2.5 EU Savings Tax Directive................................................................................... 275<br />
8.3 Czech Republic ..................................................................................................... 276<br />
8.3.1 Czech income taxation........................................................................................ 276<br />
8.3.2 EU withholding tax in <strong>the</strong> Czech Republic ........................................................... 278<br />
8.3.3 Inheritance and Gift Tax ..................................................................................... 278<br />
8.4 Hungary................................................................................................................ 279<br />
8.4.1 General Remarks................................................................................................ 279<br />
8.4.2 Hungarian Taxation Regarding <strong>the</strong> Securities Under <strong>the</strong> Rules in Effect as <strong>of</strong> <strong>the</strong><br />
Date <strong>of</strong> <strong>the</strong> Base Prospectus.........................................................................................279<br />
8.4.3 Expected changes as <strong>of</strong> 1 January 2010................................................................ 283<br />
8.5 Luxembourg ......................................................................................................... 283<br />
8.5.1 Withholding Tax ................................................................................................ 283<br />
8.5.2 Taxes on Income and Capital Gains..................................................................... 284<br />
8.5.3 Net Wealth Tax .................................................................................................. 284<br />
8.5.4 Inheritance and Gift Tax ..................................................................................... 284<br />
8.5.5 Value Added Tax................................................................................................ 285<br />
8.5.6 O<strong>the</strong>r Taxes and Duties....................................................................................... 285<br />
8.5.7 Residence .......................................................................................................... 285<br />
8.5.8 EU Savings Directive.......................................................................................... 285<br />
8.6 Slovakia ............................................................................................................... 285<br />
8.6.1 Slovak Income Taxation Regarding <strong>the</strong> Notes ...................................................... 286<br />
8.6.2 Slovak Income Tax Regarding Certificates........................................................... 288<br />
8.7 Slovenia ............................................................................................................... 291<br />
8.7.1 Direct Taxes on Income Residents....................................................................... 292<br />
8.7.2. Direct Taxes on Income - Non-Residents ............................................................ 294<br />
8.7.3 Value Added Tax................................................................................................ 294<br />
8.7.4 Stamp Duty........................................................................................................ 294<br />
9. SUMMARY OF PRINCIPAL DOCUMENTS AND SELLING RESTRICTIONS ....... 295<br />
9.1 Principal Documents ............................................................................................. 295<br />
9.2 Selling Restrictions ............................................................................................... 303<br />
10. GENERAL INFORMATION................................................................................. 307<br />
11. STATEMENTS PURSUANT TO COMMISSION REGULATION (EC) NO<br />
809/2004.................................................................................................................... 309<br />
12. INDEX OF DEFINITIONS.................................................................................... 310<br />
Annex 1: Annual Accounts and Report <strong>of</strong> <strong>the</strong> Revisuer D'Entreprises ............................ 314<br />
Appendix: German Translation <strong>of</strong> <strong>the</strong> Summary and <strong>the</strong> Risk Factors <strong>of</strong> <strong>the</strong><br />
3,000,000,000 Debt Issuance Programme <strong>of</strong> Levade S.A. ........................................... 327<br />
VII