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Taxation

Tickrs reserves the right to withhold a percentage of your gains from US market trading for tax purposes. According to Internal Revenue Code (IRC) Sections 1446(a) and 1446(f) of the US Internal Revenue Service (IRS), from January 1, 2023, holdings, trading, or transfers of Publicly Traded Partnership (PTP) securities by a non-US person shall be subject to the following withholding tax:

  • Sales, trading, or transfers of PTP securities shall be subject to a withholding tax equal to 10% of the transaction amount;
  • Dividends from PTP securities shall be subject to a withholding tax equal to 37% (applicable to individual investors) or 21% (applicable to companies or institutional investors) of the dividends.
  • Exemption from withholding may apply if a PTP releases a public statement called a “Qualified Notice” to indicate that the PTP meets the requirements of IRC Sec. 1446(f)-4(b)(3) to be exempt from withholding.