What does Tax at Source mean in Moneybase?

When you see Tax at Source on your Moneybase account or investment statement, it refers to tax that has been deducted before the payment reaches your account.

This deduction is made by the company, fund, paying agent, or the relevant tax authority in accordance with the applicable tax rules of the country where the income originates.

When does Tax at Source apply?

Tax at Source may apply to income such as:

• Dividends received from shares
• Bond interest (where applicable)
• Fund distributions
• Other investment income that is subject to withholding tax

The amount deducted depends on the tax rules applicable to the specific investment and, in some cases, your tax residency or any applicable tax treaty.

Why was tax deducted?

Many countries require tax to be withheld before investment income is paid to investors. This is commonly known as withholding tax or tax at source.

Moneybase does not determine or calculate this tax. It is deducted by the relevant paying entity or tax authority before the funds are credited to your account.

Can the amount vary?

Yes. The amount of tax deducted can vary depending on factors such as:

• The country where the investment is issued
• The type of investment or income received
• Applicable tax legislation
• Any tax treaty benefits that may apply

Can Moneybase provide tax advice?

No. Moneybase cannot provide tax advice or confirm how tax at source affects your personal tax position.

If you have questions about the tax treatment of your investments or whether you may be eligible to reclaim any tax withheld, you should consult an independent tax adviser.

Need more help?

If you have a question about a specific transaction showing Tax at Source, contact the Moneybase Support team with the relevant transaction details and we'll be happy to help explain what appears on your account.