Thanks Seb
Is there a reason for a 20% WIthholding Tax rate on some US Stocks? have seen this on dividends from $SBSW Sibanye-Stillwater
Thanks
Probably the company is based in another country. The one you mentioned, Sibanye-Stillwater, is based in South Africa where the withholding tax of 20%.
The dividend withholding tax is for most part, dependent on the country the company is based as it is that country’s government who it is ultimately paid to.
Thanks for the reply - had forgotten that; will check
Just found this useful link:
If i hold shares within an ISA that pay 15% witholding tax can i claim the 15% back in foreign tax credit like a normal GIA account can?
I think you can only reclaim WHT that is over and above the treaty rate set for each country. Since were paying the reduced rate of 15% (instead of 30%) on US stocks then there is no amount to reclaim. Not sure how FT handles WHT outside of US.
you can get guidance by country here.
Just thought - if FT are still not paying US dividends gross of tax in SIPP im assuming this can be reclaimed.
can anyone confirm?