cheok | Joined since 2014-04-27
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Avoid/ Reduce 30% Withholding US dividend tax
2014-04-27 00:59 | Report Abuse
When I received US dividend, I realized I was being taxed 30% for US dividend withholding tax. When I registered foreign share trading account with my brokerage firm, I do fill up W-8BEN Form to show that I'm not US person. However, according to my brokerage firm, I still need to be taxed 30% and cannot claim back. I was wondering, whether you all encounter same situation as I do? Is there any other ways, to avoid/reduce this 30% dividend tax? Thanks.
Avoid/ Reduce 30% Withholding US dividend tax
2014-04-27 00:59 | Report Abuse
When I received US dividend, I realized I was being taxed 30% for US dividend withholding tax.
When I registered foreign share trading account with my brokerage firm, I do fill up W-8BEN Form to show that I'm not US person.
However, according to my brokerage firm, I still need to be taxed 30% and cannot claim back.
I was wondering, whether you all encounter same situation as I do? Is there any other ways, to avoid/reduce this 30% dividend tax?
Thanks.