Could you tell me what Withholding Tax Status means and how do I tell if I am exempt or not?
By Marc Sevitz · Updated
Hi there,
I'm planning on investing in exchange traded funds, and on the application form a field requires me to mention my Withholding Tax Status (exempt or not exempt). Could you tell me what this means and how do I tell if I am exempt or not?
Regards
Jarryd
I'm planning on investing in exchange traded funds, and on the application form a field requires me to mention my Withholding Tax Status (exempt or not exempt). Could you tell me what this means and how do I tell if I am exempt or not?
Regards
Jarryd
Which country are you trading in?
In south africa. Its an exchange traded fund which invests in 10 south african property companies
You will not be exempt as you are the final individual holder of the ETF's and will be taxed on the income earned from the fund.