For non-US residents, US withholding tax rate is typically reduced from 30% to 15%. This rate is dependent on your tax residence and if you have provided a W8-BEN form. As we handle this digitally, a W8-BEN is provided to the IRS on your behalf.
This withholding amount is only on dividends paid and not on share sales. If your shares do not pay dividends, you will not be taxed on them. You are not taxed on profits on your share sales in the US. You will need to declare these in your country of tax residency.
Due to the complexities involved with tax, please obtain independent professional taxation advice which take into account your facts and circumstances.
For Individuals, we instantly generate a complete W8-BEN form on your behalf. This means your withholding tax is reduced to 15% (from 30%).
Please note this is general advice and we are not aware of your personal situation. We do not offer tax advice and we recommend you speak to a tax professional regarding your personal situation.