Do I need to pay taxes on my trades?

You may need to pay taxes depending on the taxation rules in the country you are resident. Trive may further withhold and deduct taxes on income and gross proceeds from your investments applicable by the laws. For example, dividend equivalent payments made in relation to CFD with underlying of US stocks or dividends from US stocks may be subject to withholding tax at the rate of 30% unless tax treaty rates apply. In order to benefit from treaty rates, a valid w8 form should be furnished. 
Trive may also report the income and gross proceeds from your investments to your local tax authority as per Common Reporting Standards (CRS) and Foreign Account Tax Compliance Act (FATCA).

 

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