For instruments held on US markets:
A dividend tax is automatically withheld for all dividends received from US listed companies in accordance with US tax regulation and, it's not an option to pay this tax at another point. The remaining proceeds of dividends are paid as cash to your US Dollar account balance.
Lightyear automatically generates and submits an IRS W8-BEN form on behalf of our users based on the information provided at registration to reduce the withholding tax rate where applicable. Please contact our Support team if your details are incorrect or have changed to ensure your tax reporting is accurate.
Currently, for tax residents of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, and the United Kingdom, the dividend withholding tax is 15%.
For tax residents of Greece and Croatia the dividend withholding tax is 30%.
