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BUD
#7
I do not live in the USA nor do I hold BUD but here are some general things I've learned along the way, almost all of my shares are from abroad so I have a pretty good feel for these. Big Grin

So a company pays you a dividend of X amount in whichever currency they use. They will deduct the withholding tax, the amount of this tax depends on the tax treaty between the country the company is registered in and the country you live in. The treaties vary, so check carefully what the deal is. USUALLY in western countries it's that 15% stays in the country the company is registered in. They take care of giving the withholding tax to the appropriate government and pay you the remainder in the currency which they use, it's up to your bank/broker to change it to your preferred currency. Careful here again as your bank might have slightly different rates than the real one. When it comes time for you to do your taxes, you can claim that you've paid tax abroad and that will be taken into account.

So, something along these lines for taxable accounts:

Company A issues a dividend of 10e.
They pay 1.50e to their government and send you 8.50e.
Your broker might keep it in euros or change to $. Up to you to negotiate what you want.
Tax time: you claim that you've received a dividend of 10e and that 1.50e has been withheld by country X. You'll probably need to provide these details to your tax dude in local currency using the official daily rates of the transaction, which might lead to a bit of an excel nightmare if you receive a lot of dividends in different currencies.
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Messages In This Thread
BUD - by Dividendsrule - 02-09-2016, 12:53 AM
RE: BUD - by Roadmap2Retire - 02-09-2016, 10:19 AM
RE: BUD - by Dividendsrule - 02-09-2016, 02:13 PM
RE: BUD - by Dividendsrule - 02-10-2016, 01:17 PM
RE: BUD - by Kerim - 10-29-2018, 03:28 PM
RE: BUD - by ChadR - 10-29-2018, 03:56 PM
RE: BUD - by crimsonghost747 - 10-30-2018, 02:48 AM
RE: BUD - by Kerim - 10-30-2018, 10:45 AM
RE: BUD - by fenders53 - 10-30-2018, 11:31 AM
RE: BUD - by crimsonghost747 - 10-30-2018, 01:43 PM



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