can anybody inform me, how the Dividends of an Australian Stock is taxed for foreign Investors?
I habe an InteractiveBrokers Account for trading in Australia and the told me following regarding this:
...There is a scenario in which a tax could be withheld. Generally, the company will disclose to foreign investors when and if a withholding tax applies. Dividends paid by companies to non-residents are subject to the tax rules of the company's tax home country and may be subject to a withholding tax. Since IB would not act as the withholding agent, the tax would be withheld by the paying agent prior to IB receiving the dividend payment......
so how a Foreign Shareholder will be taxed in Australia?
it cant be that much, as even foreign Pensionfonds are investing in Australian Companies...
thanks for any Answer in advance