Sociedad Qimica y Minera de Chile - SQM

Lithium miner

Google Finance

Yep, very keen for this!

Anybody here owning this? I own this in SIPP, and get absolutely hammered by dividend tax (41-42%), though at the very least, based on Chile-UK double taxation agreement it should be 15%.

I did ask the customer service, will wait for response.

In general UK brokers only reduce the dividend withholding tax for US (and Canadian possibly). I don’t think any offer a reclaim service for other countries - if any do, i’m not aware of it.

You can try to reclaim yourself, however that would require to file a reclaim to the appropriate (Chilean) Tax Authority

I cross checked with Interactive Brokers - when I had the same position with them. They were deducitng 26%, which is better than 40%, but still not 15%.

I actually travelled to Chile this year, and even met with Head of Investor relations of SQM (not in a capacity of shareholder though).