Today I received a dividend letter. Great... but I was hit with a "less resident withholding tax" which took out just under 50% of the total amount.
Is this because I didn't provide my TFN or ABN? If so, will this be tax deductable?
Do others fill in the forms for every share you buy?
edit: Sorry another dividend question: For tax purposes. What is the date to note down for my tax records... payment date or record date?