Withholding and double taxation on dividends
The same dividend can be taxed where the company is and again where you live. Relief exists, but it starts from knowing exactly what was withheld, by which country.
Two countries can have a claim on the same dividend: the one the company is registered in, which withholds at source, and the one you are resident in, which taxes your worldwide income. Tax treaties exist to stop that being paid twice over, and typically cap the rate the source country may keep. Claiming relief is a matter for your own return — but it starts from a figure, per country, of what was actually withheld.
Quantic groups your year by the source country, which it reads from each holding's ISIN rather than guessing from the ticker. A holding with no ISIN and an ambiguous currency lands in its own bucket instead of being dropped or filed under a country it might not belong to. The treaty-typical rate Quantic knows is used for projecting future income — never to overwrite what a statement recorded.
Where to find it
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1
Open the tax report and pick the year.
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2
Read the per-country section: gross, withheld and net for each source country.
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3
Take those figures to your return, or to whoever files it, alongside your broker's own statements.
Quantic claims no credit and computes no relief. Whether a withholding can be recovered, how much of it, and on which line of which form — those are your country's rules, and they are applied downstream by you or by a professional. What Quantic provides is the evidence: which country, how much, on what date, from which payment.
Key terms
- Withholding tax
- When you own a foreign stock, the company's home country usually skims a percentage off each dividend before it reaches you — say 15% on US shares. Quantic estimates this from where each holding is based and your tax residence, so your income reflects what actually arrives. It's the tax withheld at source only — not any tax your own country adds, nor amounts you can often reclaim or credit back under a tax treaty.
- Gross vs. net
- Gross is the dividend before tax; net is what actually lands after withholding tax. Quantic tracks both.
- ISIN
- The twelve-character code that identifies a security worldwide, regardless of which exchange it trades on or what ticker it uses there. Unlike a ticker, it doesn't change when a company renames itself — which is why an import identifies your holdings by ISIN where the file carries one, so a renamed company keeps its dividend history instead of splitting into two positions.
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