It depends on which market your stocks are from:
🇺🇸 U.S. Stocks
Yes. If you receive dividends from U.S. stocks, a 30% withholding tax is automatically applied. This is a mandatory requirement under U.S. tax regulations for all non-U.S. residents, regardless of their country. You don't need to do anything - the tax is deducted automatically at the source and handled by our brokerage partner, on your behalf.
Example: If you receive $100 in dividends from a U.S. stock, $30 will be withheld as tax and you will receive $70.
🇸🇦 Saudi Stocks
No. As a Saudi resident, you are not liable for any tax on dividends received from Saudi stocks. Any dividends you earn from Saudi-listed companies will be credited to your account in full, with no deductions.
Summary
Market | Dividend Tax | Who Handles It |
🇺🇸 U.S. Stocks | 30% withholding tax | Automatically deducted by our brokerage partner |
🇸🇦 Saudi Stocks | No tax for Saudi residents | No action needed |