tag:blogger.com,1999:blog-5003361331769994263.post359879448308789318..comments2023-09-09T06:38:06.990-06:00Comments on Pulling Ourselves Up Financially: Company Review:Companhia Energetica Minas Gerais (CIG)Pulling Myself Uphttp://www.blogger.com/profile/03676667648941966869noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5003361331769994263.post-73113515266242375772014-01-15T07:26:19.283-07:002014-01-15T07:26:19.283-07:00Countries tax a dividend regardless of if its thei...Countries tax a dividend regardless of if its their citizen or another country's citizen. I believe the current tax rate is 15% for Brazilian dividends. That also means regardless of a tax sheltered US account (IRAs) you'll get a tax.<br />The U.S. has treaties with many countries to make sure you don't get double taxed. Brazil is not one of them. However the yield imo is high enough that I don't mind a double tax.Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-67571697939895205562014-01-15T05:34:40.949-07:002014-01-15T05:34:40.949-07:00I held some stock in VALE last year, a Brazilian m...I held some stock in VALE last year, a Brazilian mining company, and it payed out a dividend during that time. I was surprised to learn that the government of Brazil imposes a tax on dividends to people residing outside the country (so it would give part of your dividend to the government). Just an FYI you should look into how much that tax will lower your effective dividend rate. I can't remember exactly what it was for me but it was fairly significant. Anonymousnoreply@blogger.com