The US Internal Revenue Service (IRS) requires all non-US resident holders of US equity derivatives – (this includes CFDs ) to be taxed on dividend adjustments.
What does it mean for me?
When trading any US listed equities with IC Markets, the Dividend adjustments on your long positions are credited to your account, and the applicable withholding taxes are automatically deducted.
How much will be deducted?
The deduction rate varies depending on the underlying market.
What should I do?
If you are an INDIVIDUAL and want the applicable reduced rate, please fill out “FORM W-8BEN” and upload it to your Client Area.
If you are an ENTITY and want the applicable reduced rate, please fill out “FORM W-8BEN-E” and upload it to your Client Area.
For further information please do not hesitate to contact our SUPPORT TEAM