can a non us resident trade in the us stock market? and how taxes can be paid?
can some one in a foreighn country trade us stocks. and does that one need to pay taxes and how? thank you
Public Comments
- if your out of the country you dont have to pay taxes, unless you have a tax id number and you can buy stock through your bank
- The gains realized by a non-resident alien or foreign corporation from the sale of stocks and other securities is not subject to US tax. The dividends are subject to 30% withholding unless the foreign person is a resident of a country that has a treaty with the US lowering the withholding rate. See Section 871(a)(2) of the Internal Revenue Code.
- Yes a non us resident can trade in the us stock market. Taxes will be NRA ( non-resident alien tax) If the security is non US sourced income then he/she will have to pay the tax unless there is a DTT ( double taxation treaty) with the persons home country and US is in place.
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