Hi all. I am a bit confused with US withholding tax & W-8BEN form lately.
As I know, US withholding tax is applied for dividends earned from US based stocks, usually it’s 30%, but can be as low as 15% if US has an agreement with your country of residence.
But does it apply for income generated by buying/selling US based stocks?
Let’s say I bought 10 Apple shares worth $1000 and sold them a year later for $2500, generating a gross income of $1500. Will there be any US tax taken from that income or not?
I am a resident of a EU country if that matters.
Will appreciate your help.
Thanks.