Moomoo Buddy
:
Dear customer, Pursuant to Internal Revenue Code (IRC) Sections 1446(a) and 1446(f) of the US Internal Revenue Service (IRS), from January 1, 2023, holdings, trading, or transfers of Publicly Traded Partnership (PTP) securities by a non-US person shall be subject to the following withholding tax: ● Sales, trading, or transfers of PTP securities shall be subject to a withholding tax equal to 10% of the transaction amount; ● Dividends from PTP securities shall be subject to a withholding tax equal to 37% (applicable to individual investors) or 21% (applicable to companies or institutional investors) of the dividends. Considering the complexity of withholding tax, moomoo US has decided to make the following trading arrangements (which may be adjusted from time to time based on the latest developments): ● From December 5, 2022, we will stop accepting transfers of PTP securities into Moomoo US. You can still transfer PTP securities out of moomoo US without transfer fees. View more instructions via the link: https://www.moomoo.com/us/support/topic4_82 ● From December 8, 2022, margin trading (for both long and short positions) of PTP securities will not be supported. ● From December 12, 2022, opening positions in PTP securities will not be supported. ● From December 26, 2022, closing positions in PTP securities will not be supported, with the last trading day being December 23, 2022. ● From December 26, 2022, opening or closing positions in PTP securities or options will not be supported, with the last trading day being December 23, 2022.
Moomoo Lily : Hi, @Moomoo Buddy please assist. Thanks!
Moomoo Buddy : Dear customer, Pursuant to Internal Revenue Code (IRC) Sections 1446(a) and 1446(f) of the US Internal Revenue Service (IRS), from January 1, 2023, holdings, trading, or transfers of Publicly Traded Partnership (PTP) securities by a non-US person shall be subject to the following withholding tax:
● Sales, trading, or transfers of PTP securities shall be subject to a withholding tax equal to 10% of the transaction amount;
● Dividends from PTP securities shall be subject to a withholding tax equal to 37% (applicable to individual investors) or 21% (applicable to companies or institutional investors) of the dividends.
Considering the complexity of withholding tax, moomoo US has decided to make the following trading arrangements (which may be adjusted from time to time based on the latest developments):
● From December 5, 2022, we will stop accepting transfers of PTP securities into Moomoo US. You can still transfer PTP securities out of moomoo US without transfer fees. View more instructions via the link: https://www.moomoo.com/us/support/topic4_82
● From December 8, 2022, margin trading (for both long and short positions) of PTP securities will not be supported.
● From December 12, 2022, opening positions in PTP securities will not be supported.
● From December 26, 2022, closing positions in PTP securities will not be supported, with the last trading day being December 23, 2022.
● From December 26, 2022, opening or closing positions in PTP securities or options will not be supported, with the last trading day being December 23, 2022.
Wacho-el-Wero Moomoo Buddy : This stocks should be removed effective immediately
jennyjade Moomoo Lily : You can buy it with an account in the US