For non-US residents, with a completed US Tax Form (W8-BEN etc) the withholding tax is 15%. We arrange to have this form completed and lodged on your behalf by our US broker partner.
However, without completing and lodging the US Tax Form (W8-BEN etc) the withholding is 30%.
This withholding amount is only on dividends paid and not on share sales.
Please note that due to the complexities involved with tax, please obtain independent & professional advice which takes into account your own set of facts and circumstances.
Australian Tax File Number
You do not need to provide your Australian TFN - this does not effect your US tax status and if you don't enter it on the sign up, its not a concern. There is no need to add it later either.
In all cases, we arrange for the W8 form to be lodged correctly on the proof of your foreign residency.
Did you find it helpful?
Sorry we couldn't be helpful. Help us improve this article with your feedback.