SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 10: Additional Information 129
withholding tax to the extent the U.S. dollar value of the refund differs from the U.S. dollar equivalent of that
amount on the date of receipt of the underlying dividend.
Refund Procedures
To claim a refund, a U.S. resident must submit, within four years from the end of the calendar year in which the
dividend is received, a claim for refund to the German tax authorities together with the original bank voucher
(or certified copy thereof) issued by the paying entity documenting the tax withheld. Claims for refunds are
made on a special German claim for refund form (Form E-USA), which must be filed with the German tax
authorities: Bundeszentralamt für Steuern, An der Küppe 1, 53225 Bonn, Germany. The German claim for
refund forms may be obtained from the German tax authorities at the same address where the applications are
filed, from the Embassy of the Federal Republic of Germany, 4645 Reservoir Road, N.W., Washington, D.C.
20007-1998 or from the Office of International Operations, Internal Revenue Service, 1325 K Street, N.W.,
Washington, D.C. 20225, Attention: Taxpayer Service Division, Room 900 or can be downloaded from the
homepage of the Bundeszentralamt für Steuern (http://www.bzst.bund.de).
A U.S. resident must also submit to the German tax authorities a certification (on IRS Form 6166) with respect
to its last filed U.S. federal income tax return. Requests for IRS Form 6166 are made on IRS Form 8802, which
requires payment of a user fee. IRS Form 8802 and its instructions can be obtained from the IRS website at
http://www.irs.gov.
The former simplified refund procedure for U.S. residents by the Depository Trust Company has been revoked
and is not available for dividends received after December 31, 2008. Instead an IT-supported quick-refund
procedure is available (“Datenträgerverfahren – DTV”/“Data Medium Procedure – DMP”) for dividends received
after December 31, 2008. If the U.S. resident’s bank or broker elects to participate in the DMP, it will perform
administrative functions necessary to claim the Treaty refund for the beneficiaries. The refund beneficiaries
must provide specified information to the DMP participant and confirm to the DMP participant that they meet
the conditions of the Treaty provisions and that they authorize the DMP participant to file applications and receive
notices and payments on their behalf.
The refund beneficiaries also must provide a “certification of filing a tax return” on IRS Form 6166 with the DMP
participant.
The German tax authorities reserve the right to audit the entitlement to tax refunds for several years following
their payment pursuant to the Treaty in individual cases. The DMP participant must assist with the audit by
providing the necessary details or by forwarding the queries to the respective refund beneficiaries/shareholders.
The German tax authorities will issue refunds denominated in euros. In the case of shares held through banks
or brokers participating in the Depository Trust Company, the refunds will be issued to the Depository Trust
Company, which will convert the refunds to U.S. dollars. The resulting amounts will be paid to banks or brokers
for the account of holders.
If a U.S. resident holds its shares through a bank or broker who elects to participate in the DMP, it could take at
least three weeks for it to receive a refund after a combined claim for refund has been filed with the German
tax authorities. If a U.S. resident files a claim for refund directly with the German tax authorities, it could take at
least eight months for it to receive a refund. The length of time between filing a claim for refund and receipt of
that refund is uncertain and we can give no assurances as to when any refund will be received.