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US witholding

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bill16

6/7/2016 06:47 EST

How do I calculate US withholding in Nassau

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breija

6/7/2016 10:13 EST

Are you asking about income tax withheld?

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bill16

7/14/2016 06:27 EST

Yes US withholding on dividends

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Fisherman

7/14/2016 11:01 EST

You need to explain a bit more. The Bahamas won,t with-hold but the US might

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bill16

7/15/2016 13:49 EST

I have a few shares in US companies that get paid a dividend. I live in the Bahamas and am not a US citizen. How can I stop the US broker deducting with-holding tax from my dividends?

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Inna11223

7/15/2016 15:36 EST

I think you have show evidence that you are not a US person. The broker should be able to tell you what tax forms to provide as evidence.

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breija

7/15/2016 17:00 EST

Your broker would know the non-resident forms to file. It should be a W8BEN. You will still have withholding taxes deducted, but they would be deducted at a non-resident rate, and only if you have the W8BEN filed.

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bill16

7/15/2016 17:36 EST

So does that mean tgat i will still pay but at a reduced rate?

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Fisherman

7/16/2016 08:42 EST

You pay 30% on dividends as a non resident and no tax on the capitol gain. Schwab international has funds that are designed for non Americans that have no-with-holding on dividends.

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bill16

7/17/2016 05:56 EST

Is there any way to make a reclaim on the 30%? Is Schwab the only manager doing fax free funds?

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breija

7/21/2016 11:03 EST

There is no way to reclaim the withholding tax. Regardless of where you live, you have to pay the taxes in the country where the money is earned. , either through investments or through employment income.

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bill16

7/22/2016 07:12 EST

Yes that is what I figured ... thank you

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