Security Alert: Scam Text Messages
We’re aware that some nabtrade clients have received text messages claiming to be from [nabtrade securities], asking them to click a link to remove restrictions on their nabtrade account. Please be aware this is likely a scam. Do not click on any links in these messages. nabtrade will never ask you to click on a link via a text message to verify or unlock your account.
What is the treatment for international shares?
nabtrade does not provide tax advice.
For information on the tax treatment of international shares please consult a registered tax agent.
The following information may be of use to you and/or your tax agent:
- nabtrade does not support reclaims of tax withheld in each of these countries
- In the case of Germany, as the tax withheld is more than the double taxation treaty rate, there may be a tax leakage, (i.e. inability to claim withholding tax in Australia) depending on your circumstances. You should seek your own tax advice in relation to what the above means for your personal circumstances
- Please note that different withholding tax rates may apply if the issuer country is different from the jurisdiction of listing
- Withholding tax rates are subject to change from time to timeAn amount of tax will be withheld in the countries of origin on any income repatriated offshore (to Australia) as per the following table:
Jurisdiction | Withholding tax rate |
United States | 15% |
United Kingdom | 0% |
Germany | 26.375% |
Hong Kong | 0% |
