Withholding tax is a tax deducted at source on dividends, interest, and royalty payments before they are paid to non-residents.
Taxation on Foreign Dividends: Investors receiving dividends from foreign companies may have tax deducted by the source country before the net dividend is paid.
Double Taxation Relief: Many countries have Double Taxation Agreements (DTA) with the UK, allowing UK investors to claim relief against withholding tax.
Stamp Duty & VAT Irrelevance: Stamp Duty applies to purchases of shares, and VAT does not apply to dividends.
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