Posted by
Reg
17 yrs ago
I hope this is the right place to post this.
I am a non-US citizen and non- US tax payer living in HK. I own some US stocks that pay dividends. I have just noticed that when dividends are paid I pay something called a withholding tax at 15%.
Is there a way I can claim this back either from my broker or elsewhere?
Would really appreciate the help.
Reg
Todge
17 yrs ago
Reg:
Not that I know of - the US taxes you on dividend income - if your country has a special tax treaty with the US, the withholding tax may be adjusted. From memory the IRS website has details.
Reg
17 yrs ago
Hi Todge,
Appreciate your reply. This is what I've found out:
For a non-US person dividends are taxed at 30% unless your country of domicile (in this case HK) has a tax treaty with the US. HK does not have a tax treaty with the US and even if one has filed with one's broker an IRS form called W8-BEN. You only ever see 70% of the dividend) at source. Sadly, this tax cannot be reclaimed even if only a small amount.
Hope that helps someone down the line,
Ciao
I don't think Hong Kong has a tax treaty with the US, so this would mean that withholding tax will apply at 30%.
Reg
16 yrs ago
Thanks Baz. Does anybody know the Withholding Tax rate for a HK resident on dividends received from Canadian stocks? Again I understand that there is no tax treaty between HK and Canada.
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