How are withholding taxes determined on dividends?

In the event you hold a position over the ex-dividend date, your dividend may be subject to withholding tax.Depending on which entity of MEXEM your account is opened with, and your country of legal residence, MEXEM might act as a withholding agent and apply the applicable treaty rates, or the tax might be applied by our clearing agent prior to receipt. In such a case, holders may be unable to take advantage of any country specific rates which may exist.Clients should consult with a tax advisor for assistance in making a claim for a tax refund on a dividend.

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