I'm talking about the 30% withholding tax. You may get a reduced rate of 0% or 15% depending on your country of residence, through the W-8BEN form. I could be wrong about the numbers. It's from memory, and I couldn't find the complete list again.
Anyways, it doesn't seem like non-US residents can claim those tax back. And whether they can be credited on your local tax payment probably depends how nice your tax bureau is and the agreements between the country and the US. Especially in some countries, officially investment with foreign brokers is banned or has disadvantageous tax treatment. From what I understand a few Asian countries block Interactive Brokers for example, so legally gray area.
Submitted September 25, 2022 at 01:54AM by ringwormfear https://ift.tt/zuiPp5I
