How Does Government Pension Fund Status Differ from Sovereign Fund Status When Claiming Dividend WHT Exemptions and Refunds?
Government pension funds and sovereign wealth funds may qualify for different dividend withholding tax (WHT) exemptions, even when both are publicly owned. In the United States, the standard dividend WHT rate is 30%, while qualifying sovereign investors may receive a 0% exemption under Section 892 of the Internal Revenue Code. Government pension funds may instead […]