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ETF's : Is there any recovery of foreign tax paid ito any DTA - as applies with Swiss Tax vis a vis CFR. Given that we don't know where the witholding tax was paid to?
Just got a credit entitled "REV LOC TAX DBX EURO" As I don't speak serbian I have asked OST to "translate" - could it be some sort of credit - even this lot can surely calculate a 20% deduction so what is it?
One could of course jsut ask OST - but I might not live long enough to get an answer : perhaps the fount of all knowldege - aka Simon can tell us?
Hi there @partridge1,
Regarding the tax question - it' has been passed onto the tax department to get some clarity - although your tax practitioner might also be able to provide some insight.
In terms of the DBX: all ETFs have management fees associated with them. Each provider takes these fees into account in a different manner. The JSE used to process 1 distribution, taking all aspects into account. They now split the distribution. You can get more information on DBX in particular: https://www.moneyweb.co.za/mny_sens/the-db-x-tracker-col-invest-scheme-distribution-finalisation-ann...
The fact sheet should explain the fee.
If you need more clarity, please feel free to email [email protected]