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US-Quellensteuern auf Dividend Equivalent Payments im Lichte des OECD-MA und des DBA USA
US Withholding Taxes on Dividend Equivalent Payments in Light of the OECD Mc and the Tax Treaty with the United States
As of January 1st, 2017, Section 871(m) IRC treats “dividend equivalent payments” made with respect to certain derivative transactions referencing dividend-paying U.S. equities as U.S.-sourced dividends subject to withholding under Chapter 3 and 4 IRC. Withholding agents (specifically those with a QI agreement in place) will be required to withhold on such payments irrespective of the derivative contractor’s residence. However, it is unclear whether such payments will be treated as U.S.-sourced dividends between non-U.S. parties for the purpose of the applicable U.S. income tax treaty, specifically when the payoff-paying party is not resident in the USA. Based on opinions of the Austrian Federal Ministry of Finance and the G5, Dominik Stundner discusses if dividend equivalent payments can be considered as “dividends” and why the USA may not have a right to withhold under both Art 10 of the OECD model tax treaty and the tax treaty with Austria.
I. Überblick
Seit sind die neuen Regelungen zu Section 871(m) U.S. Internal Revenue Code (IRC) und die dazu ergangenen U.S. Treasury Regulations in Kraft. Im Wesentlichen besteht seit diesem Zeitpunkt eine Quellensteuerabzugsverpflichtung für withholding agents