$ProShares Ultra Bloomberg Natural Gas (BOIL.US)$ 10% withho...
$ProShares Ultra Bloomberg Natural Gas(BOIL.US$ 10% withholding tax? Not very clear on how and when it would get applied.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
clover4lsy : The algorithm is very unfriendly, directly 10% of the transaction price.
PhotoSynth : Im not sure I'm following, can you help me understand what it is yyou're referring to on the witholding tax?
careful Platypus_542OP PhotoSynth: https://www.moomoo.com/sg/support/topic5_566?lang=en-us
careful Platypus_542OP : I believe this is only for non usa investors
PhotoSynth careful Platypus_542OP: Hi , yeah, took a look. That’s kinda what I took away from it. That's a ridiculous rule. ….It really inhibits market liquidity and does a disservice to supporting market stability through maximization of liquidity. But what I'm not clear on whether MooMoo is applying these margin and eventual closure to rules universally to ALL traders or only non U.S. Residents!?
Moomoo Buddy : Dear valued customer, As a result of the IRS (Internal Revenue Service) regulations on the withholding tax on PTP securities, moomoo SG will increase the margin rate for PTP securities. From December 5, 2022, margin trading (for both long and short positions) of PTP securities will not be supported, and we will stop accepting transfers of PTP securities into moomoo SG. From December 26, 2022, opening or closing positions in PTP securities and options will not be supported, with the last trading day for PTP securities and options being December 23, 2022. For details, kindly click the link. https://www.moomoo.com/sg/hans/support/topic5_566 If you have any questions, please feel free to contact our customer service. Online service: APP>Me>Customer Service>Online Inquiry, Customer service hotline: (+65)-6321 8888. Have a nice day!
Ravi_Sharma : wow so from 1st Jan..we need to pay 10% on US stock treding
...so I need to seriously think to spend time...learn and give earning to US gov 
37% on dividend
Ravi_Sharma PhotoSynth: definitely rule is for non USA people.
Ravi_Sharma : Thank you dear fir sharing this info
...appreciate to advise and get clarity for people like me.
@Moomoo SG@Moomoo Learn SG@Moomoo Learn@Moomoo News SG@Moomoo News US@Team moomoopls confirm if we need to pay 10% tax for stocks and 37% on dividend ??? this is ridiculous ...many will decide to continue on USA stock market or drop