Official EUR/USD exchange rate fixed by the European Central Bank (ECB) on April 17, 2023 |
1.0981 |
---|---|
Italian and US Ex-date |
April 24, 2023 |
Italian and US record date |
April 25, 2023 |
Relief At-Source process opening for DTC participants |
April 26, 2023 |
Relief At-Source process deadline for DTC participants |
Documentation & ESP Deadline (for Italian withholding tax only): April 27, 2023 at 5 p.m. EST; CA Web Instruction Deadline (for Italian withholding tax only): April 27, 2023 at 8 p.m. EST; CA Web Instruction & ESP Deadline (for Dutch disclosure): April 27, 2023 at 8 p.m. EST |
Payment date |
May 5, 2023 |
Quick refund – First batch: first deadline for DTC participants to submit the documentation for reduced withholding tax or exemption |
Documentation Deadline, CA Web Instruction & ESP Deadline: May 25, 2023 at 8 p.m. EST |
First quick refund date |
June 5, 2023 |
Quick refund – Second batch: second deadline for DTC participants to submit the documentation for reduced withholding tax or exemption, if not submitted in the First batch |
Documentation Deadline, CA Web Instruction & ESP Deadline: June 20, 2023 at 8 p.m. EST |
Second quick refund date |
July 7, 2023 |
Type of reserves distributed |
2022 earnings |
Portion rate subject to Italian withholding (26%) |
EUR 1.810 / USD 1.98756 |
Italian withholding rate (26%) |
EUR 0.4706 / USD 0.51677 |
Portion rate subject to Dutch withholding (15%) |
EUR 1.810 / USD 1.98756 |
Dutch withholding rate (15%) |
EUR 0.2715 / USD 0.29813 |
Net rate subject to variation based on the application of tax treaties and local tax regime |
EUR 1.0679 / USD 1.17266 |
Where to get information | |
For shareholders in DTC, please refer to the attached Notice for additional information |
Notice |
For shareholders in DTC - Globe Tax e-mail address |
|
For shareholders in DTC - Globe Tax phone number |
+1-212-747-9100 |
For Ferrari shareholders with shares held in Monte Titoli – Please contact your own depositary bank, stockbroker or other financial intermediary |
(1) The payout ratio is calculated as the ratio between the Dividend/Cash distribution paid to shareholders and the annual net profit. The level of dividends is subject to the Company's earnings, cash balances, commitments, strategic