RE: Claim for refund of Swiss anticipatory tax Form 864 May 2022 18:00
I was unaware of this withholding tax before I purchased my Ferrexpo shares back in February. It was only brought to my attention through reading the posts made on this forum. I must say it seems like a lot of hoops to jump through to get the tax refund!
It appears from reading the official form, a self assessment tax return has to be completed as part of the process. Assumedly, this is needed as proof that you are a tax payer within the UK. The actual form itself that is sent to the Swiss Tax Authority is slightly vague, and complicated in areas. For example, for multiple different purchases of Ferrexpo, occurring on different dates; This requires separate entries in the form? The form explicitly asks for the date of the purchase of the security, then the dates of each dividend, so just say there are 4 dividend payments a year, and you have made 3 separate purchases of Ferrexpo- this requires 12 individual entries for dividends within the form?
I suspect, the risk of filling out a portion of the form incorrectly is relatively high. Does anyone have a guide, or does Ferrexpo offer any more information on how to ensure this form is filled out correctly? Might be easier to keep track of the dates of purchases and dividend payments and get an accountant to do it for you for a fee. Clearly I am biased, however, seems a bit odd for a company to list on the LSE, knowing that all residents of the UK will be charged 35% on their dividends.