Tax on Dividends from Abroad
Link Title
Link Short URL
Link Long URL
Description:
Many people hold shares in a firm based in another state. When shareholders receive payments from a company outside their home borders, those payments are known as foreign dividends. If you earn money this way, your local tax office will want you to report it. If the investor holds stock in another land, the government may apply a fee called foreign dividend tax. This can add steps to your tax filing. Some nations charge a fee on money paid out from their firms called foreign dividend tax withholding. That fee is taken before the cash hits your account. The rule on foreign dividend tax rate varies from country to country. You will see the rate when the count issues a tax form. In some cases you can claim a foreign dividend tax credit on your home return. This credit can lower the overall tax you pay. When reports show all foreign tax paid on dividends, that helps local accountants figure final amounts.
Keywords (Tags):
Created by:
topclickmedia
Created on:
Hits:
16
|