great ETF, but too bad about the Netherlands for an Italian like me... first 15% and then 26% tax
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@Italiener Was there an increase in the dividend?
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•@Philipp1983 yes, or at least not a lower dividend, as many have suggested
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2Wk
@Italiener hallo. wohne auch in italien. habe vaneck diesbezüglich kontaktiert. hier die antwort. lg
Regarding the taxation of dividends I can tell you in general that for an Italian investor, there are no disadvantages in holding investment products under Dutch law,
when compared with investment products under Irish law. Here specifically are the answers to your questions:
The withholding tax for U.S. securities within a Dutch-law ETF is 15 percent as for an Irish-law ETF.
2/3 The net dividends for both instruments (Dutch ETF vs. Irish ETF) are identical. The only difference-the one the investor sees (and does not see) on paper-is in the fact that
The dividends shown for an Irish-law product are already net of 15% deductions based on taxation between Italy and Ireland and from which an additional 26% will be deducted later, while
Dividends shown for a Dutch-law product are shown gross, followed by the 15% deduction (between Italy and Holland) and then 26% (Italy) on the client's return.
Both net dividends correspond in approximately the same amount.
Regarding the taxation of dividends I can tell you in general that for an Italian investor, there are no disadvantages in holding investment products under Dutch law,
when compared with investment products under Irish law. Here specifically are the answers to your questions:
The withholding tax for U.S. securities within a Dutch-law ETF is 15 percent as for an Irish-law ETF.
2/3 The net dividends for both instruments (Dutch ETF vs. Irish ETF) are identical. The only difference-the one the investor sees (and does not see) on paper-is in the fact that
The dividends shown for an Irish-law product are already net of 15% deductions based on taxation between Italy and Ireland and from which an additional 26% will be deducted later, while
Dividends shown for a Dutch-law product are shown gross, followed by the 15% deduction (between Italy and Holland) and then 26% (Italy) on the client's return.
Both net dividends correspond in approximately the same amount.
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•@manye thanks for the reply! i am also an Italian but in my opinion with this ETF we pay more tax like with an Irish ETF: 37.1% vs. 26% right?
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