MVIS Announces an Update to the Daily Corporate Action Files (DCAF)

Frankfurt (19 November 2021) – MV Index Solutions GmbH (MVIS®) announces the implementation of changes in the Daily Corporate Action File (DCAF) regarding the application of withholding tax to the distribution of dividends:

  • To reflect the taxation logic for distributions and dividend payments better, a specific withholding tax rate will be applied for the securities classified as REITs, wherever applicable.

  • In general, distributions made by companies in the form of Return of Capital are tax-exempt. A withholding tax rate of 0% will be applied for such distributions, wherever applicable.

  • Companies in Brazil pay Interest on Capital which are subject to 15% withholding tax rate. More transparency will be created by declaring the Interest on Capital payments and the regular dividends as separated entries.


Additional changes will be made as in the following table:

New HeaderOld Header
CFI AMOUNTCFI
PID PERCENTAGEPID
FRANKING AMOUNTFRANKING RATE
DIVIDEND TAXATION TYPEPID RATE

Please address any questions regarding the description, samples, contents or the delivery of the Daily Corporate Action File (DCAF) to index-support@mvis-indices.com or call index operations on Tel.: +49 (69) 4056695-55.

Kind Regards,

MV Index Solutions


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