Evli

Investment Banking & Wealth Managementen

Trading in the USA

Withholding tax is collected from the final recipient of dividends paid by U.S. companies and is reported to the U.S. Internal Revenue Service (IRS).

Withholding tax is normally 30%. However, according to the tax agreement between Finland and the U.S., the withholding tax collected from Finnish shareholders is 15%. This tax can also be credited in Finnish taxation.

So a customer who pays 15% withholding tax from dividend income in the U.S. must then pay 28% - 15% = 13% to the Finnish tax authorities.

In order for you to be able to trade U.S. securities and to benefit from the advantages offered by the tax agreement, you must fill in this IRS form W-8BEN (see the completion instructions) and return the signed form to the address Evli Bank Plc, Investment Sales, P.O. Box 1081, 00101 Helsinki, Finland. Attach a copy of your passport with the signed form.

The W-8BEN form is valid for three years from the end of the year in which it is received. You can place an order for U.S. securities as soon as the form has been received by our Investment Sales.