Correction on Tiger Brokers Withholding Tax

I mentioned in one of my previous posts that I received the full dividend for one my US stock on Tiger Brokers which was incorrect. All US dividends received from the broker are subjected to the full 30% withholding tax, and Qualified Income Interest(QII) are not applicable.

The dividends shown under the consolidated statement in Tiger Brokers app are prior to the deduction of withholding tax, which is why I thought I received the full dividend. Perhaps Tiger Brokers should reflect the actual amount of dividend credited and have a statement of the cash balance for the individual currency. The consolidated statement makes it hard to track the cash credited and debited from your account.

Hope this clarifies.

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