Withholding tax 15%?

Thanks Seb

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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.

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Thanks for the reply - had forgotten that; will check

Just found this useful link:

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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.

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Just thought - if FT are still not paying US dividends gross of tax in SIPP im assuming this can be reclaimed.

can anyone confirm?