not sure if this was asked before but what I found was quite confusing.
As an Italian resident how much will i get taxed on US stocks dividends? is it just 15%? If I’m not mistaken I filled the W8 BEN form when I made my account.
Thanks for your answers!
@Fabi0 Italy has a tax treaty with the US in order to avoid double taxation. If you’ve filled out the W-8BEN form, you’ll be paying only 15%.
That’s beautiful. Thanks for your answer, David!
How is this for switzerland? And where can I find this w8 ben form?
@reLapse A few months back we rolled out the automatic filling of the W-8BEN form when opening an account or trading US stocks. Yours has been filled since day 1 so you’ve never been taxed higher than 15%.
So, if you signed up in the last couple of months you dont need to do the W-8BEN form yourself?
@KingsCross Yes, exactly.
I actually don’t quite remember if I filled it when I signed up or not. @David Could you check that?
@Fabi0 Your W-8BEN’s verified.
Hi David, could you please confirm if the 15% tax rule applies to me. I’m a UK citizen and resident and I joined recently. I provided my National Insurance number but I do not recall filling in a W-8BEN form.
For the following 2 questions sorry if this has been already asked I haven’t been on forum too long:
Is it also possible for you to group stocks into different sectors. Currently stocks are grouped into countries like US, UK etc but could you also group into say Industrials, Reits, Energy, Utilities, etc.
These can also be developed in the pies, in our portfolios can we also have the ability to create a main pie with such sectors Industrials, Reits, Energy, Utilities etc then when we click each sector, we can then see another pie with individual stocks in each sector.
The importance of this is that it will help investors know exactly the distribution of their investments in various sectors of trade since different stock sectors perform differently, an investor can easily adjust the proportion of their investments based on this information. Currently I am using an excel spreadsheet to put my stocks into various sectors but this is not ideal.
Could we also have a dividend history graph which shows the full history of dividend payment by a company and the frequency of that payment each year, this helps us see the companies that don’t cut dividends, those that have a growing dividend and those that are consistent in paying investors. Currently I am checking in “seeking alpha” but I wondered if this is information that can be integrated on Trading212.
Shelton - Samaita - N
@Samaita Your W-8BEN has been active since the day you verified your account.
Q. 1 - After countries, you’ll see that stocks are also grouped in industries:
Is this what you mean?
Q. 2 - Point taken, we’ll consider this.
Yes I meant something like that although my display on my device does not come out in a clearer way like shown on your screenshot. It’s more like a bar at the top with a row of sectors but not displayed all at once like that, and not showing how many stocks are in each sector.
And are you still populating these sectors because I notice that some stocks will only appear if you search for them.
@Samaita These sectors haven’t actually been updated for a little while, we’ll refresh them soon.
Romania has a tax treaty with the US in order to avoid double taxation and the tax applied is 10%. But, from customer support, they told me that the rate is 15% and I’m not sure why.
On the other brokers, the taxation is 10% (if you fill the W-8BEN form)
There is one member from Romania, he got dividend from US , was 10% taxed.
Based on Romanian laws, you should declare annually no matter if you withdraw/reinvest or not the money.
But, the good part is I don’t have to pay the taxes in Romania because the paid taxes in US (10%) exceeds the dividend taxes in Romania (5%)
Hi. I just to know if my country (Greece) has a tax treaty with US and how much tax will I pay. Also want to know what happens with EU stocks. Could you please check my profile to verify that I have the W-8BEN form filled?
@arise1976 Yes, your W8’s filled in automatically, however, I think the rate is still 30%. I’d recommend double-checking this with a certified tax specialist.
Hi David - Specifically for Wells Fargo, I received a dividend of $0.43 per share this morning, but the Declared amount from Wells was $0.51. Was the missing $0.08 due to Tax? FYI, this was in my ISA account. IF so, is there a plan to show how the tax has been calculated on Dividends in the future? Thank you for all your help!
@David Hi David - Specifically for Wells Fargo, I received a dividend of $0.43 per share this morning, but the Declared amount from Wells was $0.51. Was the missing $0.08 due to Tax? FYI, this was in my ISA account. IF so, is there a plan to show how the tax has been calculated on Dividends in the future? Thank you for all your help!