As a foreigner investing in US stocks, do I pay any US taxes?

Created by Ikechukwu Ibuaka, Modified on Tue, 19 Nov, 2024 at 4:57 PM by Opeyemi Famiyesin

Yes, you are subject to pay a one-off tax bill of $3 which will be deducted from your first global wallet funding. The $3 is for processing the tax certificate (w8).  W-8BEN form is completed at the beginning of the KYC process, you are declaring yourself a non-US citizen and would not be further taxed by the IRS under US law. 

However, you are subject to a dividend tax rate of 30% on dividends paid out by U.S. companies.

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