Withholding tax on URW CDIs

By Mickey Mordech Analyst 1mth ago

Question

With the upcoming URW dividend on the 12th April and its reported 30% withholding tax, I have been in touch with Computershare on a number of occasions to ascertain if there is a way to reduce the tax to 15%. They advise that as the dividend to CDL holders is via France the requirement is a 30% withholding tax with no way to reduce this. On your reports you have advised that the withholding tax should be 15%. Can you advise how I can reduce the withholding tax from 30 to 15%? If the tax can be reduced to 15% then I would like to buy some more URL as I believe with the upcoming Federal election and likely elimination of Franking Credits (If Labor win and in my circumstances having a SMSF) then URW is a good dividend stock for the future. Can you kindly advise regarding the withholding tax situation please?

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