Cash dividends credited to your COL Financial accounts are net of withholding taxes. Each company would implement their corresponding withholding tax rates. Below are the general withholding tax rates:
Filipino Citizen Investors: 10% withholding tax
Residing Foreign Investors: 10% to 15% withholding tax
NOTE: To qualify, residing foreign investors must have an updated ACR I-card / AEP / SRRV / SIRV ID with COL Financial.
Non-Residing Foreign Investors: 25% withholding tax