Are dividends subject to tax?

Under US domestic tax laws, you are subject to 30% US tax on the gross amount of dividends. However, the US has tax treaties with several countries and, if you are a resident of one of those countries, a lower withholding amount may be applicable. Some examples of withholding rates are as follows:

25% | India, Israel, Philippines

20% | Tunisia, Turkey

15% | Australia, Denmark, Egypt, Estonia, Finland, France, Germany, Hungary, Iceland, Indonesia, Ireland,

Italy, Jamaica, Kazakhstan, South Korea, Latvia, Lithuania, Luxembourg, Poland, Portugal,

Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Thailand, Ukraine, United

Kingdom, Venezuela

10% | Bulgaria, Japan, Mexico, Romania

This is provided as general information only and should not be construed as tax advice. Raseed is not responsible for the accuracy of the above information and you should consult www.irs.gov for more information.