mplus global acc for my is direct cds also?
M+ Global, Buy US & HKD Stocks
M+ Global, Buy US & HKD Stocks
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Apr 7 2024, 02:27 PM
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Junior Member
126 posts Joined: Apr 2018 |
mplus global acc for my is direct cds also?
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Jan 5 2025, 05:38 PM
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126 posts Joined: Apr 2018 |
QUOTE(FLYING PANTIES @ Jan 4 2025, 10:14 PM) Hey guys, does buying ETF like S&P 500 in M+ Global will need to pay capital tax of 30 percent? there's no capital gains tax, but by default we must fill up w8 form to broker since we're not us tax residentI heard any US ETF needs to pay 30 percent capital tax. dividend we receive is taxed 30% though since there's no treaty between msia and us This post has been edited by Maniee27: Jan 5 2025, 05:38 PM |
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Jan 5 2025, 10:07 PM
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QUOTE(FLYING PANTIES @ Jan 5 2025, 09:43 PM) It does not matter which platform you buy from when u submit the w8 form. You're not required to pay capital gains tax, but withholding tax of 30%, which is on your dividends (which should be automatically deducted).If the IRS deems that all non-resident aliens have to pay capital tax, then you will have to pay capital tax regardless of which broker you buy from so as long as you buy/sell in the us market. If you use IBKR, you can go for VWRA or irish-domiciled ETFs via the LSE market. They have 15% withholding tax instead of 30%. This post has been edited by Maniee27: Jan 5 2025, 10:10 PM |
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