Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.
Engage and learn about markets and trading online
25-08-2017 11:05 AM
Hi, Is anyone able to explain to me how the tax for a foreign ETF (eg. DBXEU) in your TFSA account works.
I thought the taxes should not matter but it gets treated differently for foreign ETFs. Anyone have a link or info where I can read about it?
Thanks
25-08-2017 11:37 AM
The taxes are foreign tax. Local tax is not deducted in a TFIA but you still have to pay foreign tax. You can read an article written by @SimonPB on the tax-fee matter. Pay attention to the second-last paragraph: http://www.fin24.com/Finweek/Investment/no-the-etf-owners-are-not-ripping-you-off-20170803
25-08-2017 11:39 AM
thanks