$ZIM Integrated Shipping (ZIM.US)$ I called Moomoo and they ...
$ZIM Integrated Shipping(ZIM.US$ I called Moomoo and they said they are still working with the custodian bank . They received the amount but it does not tally . No timeline was given when I asked further.
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Risky Investor : Moomoo screwed up big time! They knew it were coming, they should have prepared!
Moomoo Lily : Hi, @moomoo Buddy Please assist. Thanks!
Zetariel OP Risky Investor : The dividends dates can be confusing I agree , but this should not happen especially other brokerages are able to pay on time . Let’s wait . We will definitely get the dividends but time lost means opportunity lost as well.
Moomoo Buddy : Dear clients, about ZIM dividend, it is still pending to be confirmed with the custodian. We will process it as soon as we have the confirmation. Apologize for any inconvenience caused and appreciate your understanding. Thank you and have a good day!
TTTT : It happened to Tiger Broker as well..
Risky Investor : This is because ZIM specifically asks to declare tax jurisdiction before the dividend. Otherwise, u have to do complicated procedures afterward! Moomoo itself posted the announcement from ZIM but did not bother do the due diligent. Singapore-Israel treaty states that dividend is only 10% taxxed while the US-Israel rate is much much higher!
TTTT Risky Investor : Not 25%?
Zetariel OP Risky Investor : So now we get dividends is based on 10 percent or 25 percent ?
TTTT Zetariel OP : https://www.iras.gov.sg/media/docs/default-source/dtas/singapore-israel-dta-(ratified)(mli(1-apr-2019).pdf?sfvrsn=1ea075ab_0 Article 10 seems to suggest 10%.
Risky Investor Zetariel OP : check my new comment in ZIM stock session. The 25% is withheld for the initial payment. Beneficial dividend recipients have to declare and file with ZIM to receive the remaining 15% (final 10% tax for Singaporean).