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Anne
Anne, Master Tax Preparer
Category: Tax
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Where an American company pays a dividend to a UK-based Holding

Resolved Question:

Where an American company pays a dividend to a UK-based Holding Company, does the American Company deduct withholding tax at 34%?
Submitted: 7 years ago.
Category: Tax
Expert:  Anne replied 7 years ago.
HiCustomerbr />
Thank you for using justanswer. When you have a foreign recipient, IRS requires that there be 30% withheld. Please see web address below: (Copy & paste into your web browser)

http://www.irs.gov/pub/irs-regs/il6290.txt

I hope this helps.
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