The tax on dividends is regulated according to the law of the country in which the traded company is registered and listed.
EXANTE provides investment services on an 'execution only' basis and is neither a withholding agent nor a tax agent. Any proceeds from transactions with financial instruments or corporate actions are passed to clients in the exact amount as received from EXANTE's counterparties (upstream custodians/depositories), net of withheld taxes.
All the information with regard to dividends and related tax enumerations is provided in the Transactions sections of the Client's Area.
Note! As a Qualified foreign Intermediary (QI) to the IRS, we are obliged to collect W-8 forms ("Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting") from all clients who can potentially receive US source income in the form of dividends, coupon payments or other fixed, determinable, annual or periodic (FDAP) income.
Failure to submit the form will result in withholding the maximum rate of 30% applied to foreign entities or individuals. Once you submit a valid form, you can benefit from the tax treaty applicable to your specific tax residence.
Learn more about W-8 forms in our FAQ.