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ETF's - withholding tax recoveriy - is this possible?

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partridge1
Contributor

ETF's - withholding tax recoveriy - is this possib...

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? 

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partridge1
Contributor

Re: ETF's - withholding tax recoveriy - is this po...

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?  

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don1
Senior Member

Re: ETF's - withholding tax recoveriy - is this po...

Me too - and ETF fees have been deducted for all of my DBX offshore ETFs - is this a result of Sygnia having taken over from DBX? Looks on the surface like a 6 monthly fee that was not deducted or shown on OST statements in the past. Perhaps the fee was included in the price and now it is shown as separate transaction. Anyone have ideas regarding the deduction of these fees when calculating and declaring capital gains?
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MKSA
Visitor

Re: ETF's - withholding tax recoveriy - is this po...

I have seen this too - mine is 40% of my dividend value received - I do not think this is correct. 

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partridge1
Contributor

Re: ETF's - withholding tax recoveriy - is this po...

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?

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Dineo_T
Occasional Contributor

Re: ETF's - withholding tax recoveriy - is this po...

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 securities@standardbank.co.za

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Super Contributor

Re: ETF's - withholding tax recoveriy - is this po...

the answer is boring and I reply here.

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