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Certain investments, like REITs, UITs, and mutual funds, may have income reclassified by issuers, often causing amended tax statements. This reclassification involves changes in the tax treatment of distributed income, such as depreciation adjustments, capital gains, or dividends. For guidance on receiving an amended Form 1099, consult the MEXEM Knowledge Base.
Read MoreIRS Form W-8 certifies non-U.S. taxpayer status and claims reduced tax on U.S. securities income. Without it, brokers might impose extra withholding tax and report non-compliance. Instructions for updating tax forms are in the Client Portal Users' Guide.
Read MoreNon-residents face withholding taxes on U.S. stock dividends. A finalized W8 form can reduce, but not eliminate, tax if a treaty exists with the holder's tax country. Dividends on U.S. ADR shares don't qualify for reduced rates. Consult a tax advisor for refund or tax credit advice.
Read MoreVisit MEXEM's Tax Information and Reporting page, specifically Reports and Dates, to find available tax forms and posting dates. Access these through Client Portal/Account Management under Reports then Tax.
Read MoreTo update your W-8BEN tax form, log in to Client Portal/Account Management. Go to Settings, Account Settings, and select the user's profile. Click the "i" icon next to the user's name. Update Tax Forms at the bottom, specifically item 7 for residency change. More details in the Client Portal Users' Guide.
Read MoreThe Tax Optimizer app helps track your various trading gains and losses for tax purposes. You can use it once a position is closed. Access it here. More details are in our Users' Guide.
Read MoreIf you hold a position over the ex-dividend date, your dividend may face withholding tax. Depending on your MEXEM account entity and your residence country, either MEXEM or our clearing agent may apply this tax. In such cases, country specific rates might not be available. For tax refund claims on a dividend, consult a tax advisor.
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All investments involve risks, including the possible loss of capital.
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Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.
