Yes, US tax law requires the withholding of tax for non-US persons (non-resident aliens) at a rate of 30% on payments of US source stock dividends, short-term capital gain distributions and substitute payments in lieu. Consequently, all dividends of US-listed securities are subject to a 30% dividend withholding tax which is held at source and the remaining 70% will be credited into your account.
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What is withholding tax? Do I have to pay tax on dividends received on US securities?
Yes, US tax law requires the withholding of tax for non-US persons (non-resident aliens) at a rate of 30% on payments of US source stock dividends, short-term capital gain distributions and substitute payments in lieu. Consequently, all dividends of US-listed securities are subject to a 30% dividend withholding tax which is held at source and the remaining 70% will be credited into your account.
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