$Tiger Brokers(TIGR)$ [OMG] wh-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Tiger Brokers(TIGR)$ [OMG] what do you mean,

The US Internal Revenue Service (“IRS”) has issued a new provision under Section 1446(f) of the Internal Revenue Code (“IRC”) that primarily impacts Non-US Persons who invest in PTP Securities. Unless an exception applies, a 10% withholding tax applies to:

1. Gross proceeds from the sale of a PTP

2. Certain PTP distributions

This new withholding tax will be applied on trades of PTP Securities with effect from 1 January 2023.

Please note that with effect from 1 January 2023, Tiger Brokers (Singapore) Pte. Ltd. (“TBSPL”) may not be able to support PTP Securities trading, transfer-in request or any other related transactions in PTP Securities.

In the event if we are able to do so, there may be an additional 10% withholding tax applied on gross amounts of income to the customer as per IRC Section 1446(f). If you are holding any PTP Securities, we suggest that you review your investment portfolio and take appropriate actions to avoid the possible impact of holding such securities from 1 January 2023.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Unless an exception applies, a 10% withholding tax applies to:</p> <p>1. Gross proceeds from the sale of a PTP</p> <p>2. Certain PTP distributions</p> <p>This new withholding tax will be applied on trades of PTP Securities with effect from 1 January 2023.</p> <p>Please note that with effect from 1 January 2023, Tiger Brokers (Singapore) Pte. Ltd. (“TBSPL”) may not be able to support PTP Securities trading, transfer-in request or any other related transactions in PTP Securities.</p> <p>In the event if we are able to do so, there may be an additional 10% withholding tax applied on gross amounts of income to the customer as per IRC Section 1446(f). If you are holding any PTP Securities, we suggest that you review your investment portfolio and take appropriate actions to avoid the possible impact of holding such securities from 1 January 2023.</p></body></html>","htmlText":"<html><head></head><body><p><span class=\"stock-view-wrapper\"><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;[OMG]&nbsp;</a></span>what do you mean,&nbsp;</p> <p>The US Internal Revenue Service (“IRS”) has issued a new provision under Section 1446(f) of the Internal Revenue Code (“IRC”) that primarily impacts Non-US Persons who invest in PTP Securities. Unless an exception applies, a 10% withholding tax applies to:</p> <p>1. Gross proceeds from the sale of a PTP</p> <p>2. Certain PTP distributions</p> <p>This new withholding tax will be applied on trades of PTP Securities with effect from 1 January 2023.</p> <p>Please note that with effect from 1 January 2023, Tiger Brokers (Singapore) Pte. Ltd. (“TBSPL”) may not be able to support PTP Securities trading, transfer-in request or any other related transactions in PTP Securities.</p> <p>In the event if we are able to do so, there may be an additional 10% withholding tax applied on gross amounts of income to the customer as per IRC Section 1446(f). If you are holding any PTP Securities, we suggest that you review your investment portfolio and take appropriate actions to avoid the possible impact of holding such securities from 1 January 2023.</p></body></html>","text":"$Tiger Brokers(TIGR)$ [OMG] what do you mean, The US Internal Revenue Service (“IRS”) has issued a new provision under Section 1446(f) of the Internal Revenue Code (“IRC”) that primarily impacts Non-US Persons who invest in PTP Securities. Unless an exception applies, a 10% withholding tax applies to: 1. Gross proceeds from the sale of a PTP 2. Certain PTP distributions This new withholding tax will be applied on trades of PTP Securities with effect from 1 January 2023. Please note that with effect from 1 January 2023, Tiger Brokers (Singapore) Pte. Ltd. (“TBSPL”) may not be able to support PTP Securities trading, transfer-in request or any other related transactions in PTP Securities. In the event if we are able to do so, there may be an additional 10% withholding tax applied on gross amounts of income to the customer as per IRC Section 1446(f). 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