Withholding Tax on Publicly Traded Partnerships (PTP) Securities and Trading Arrangements

Pursuant to Internal Revenue Code (IRC) Sections 1446(a) and 1446(f) of the US Internal Revenue Service (IRS), from January 1, 2023, holdings, trading, or transfers of Publicly Traded Partnership (PTP) securities by a non-US person shall be subject to the following withholding tax:

● Sales, trading, or transfers of PTP securities shall be subject to a withholding tax equal to 10% of the transaction amount;

● Dividends from PTP securities shall be subject to a withholding tax equal to 37%      (applicable to individual investors) or 21% (applicable to companies or institutional investors) of the dividends.

● Exemption from withholding may apply if a PTP releases a public statement called a "Qualified Notice" to indicate that the PTP meets the requirements of IRC Sec. 1446(f)-4(b)(3) to be exempt from withholding.

 

Considering the complexity of dividend tax withholding stocks, Airstar Bank will prohibit trading of the relevant stocks.

You can find PTP securities by

  • List of PTP Securities

 

List of PTP Securities:

This list identifies PTP securities which will be subject to withholding under IRC Sec. 1446(f).

NO. SYMBOL
1 AB
2 AGQ
3 AHOTF
4 ARLP
5 BBU
6 BDRY
7 BEP
8 BEP.PRA
9 BEP.PRR.TO
10 BEPPRG.TO
11 BEPPRM.TO
12 BEPPRO.TO
13 BIP
14 BIP.PRA
15 BIP.PRB
16 BIPPRA.TO
17 BIPPRB.TO
18 BIPPRE.TO
19 BIPPRF.TO
20 BITW
21 BNO
22 BOIL
23 BPYP.PRA.TO
24 BPYPM
25 BPYPN
26 BPYPO
27 BPYPP
28 BRENF
29 BSM
30 BWET
31 CANE
32 CAPL
33 CHKR
34 CLMT
35 CORN
36 CPER
37 CQP
38 DBA
39 DBB
40 DBC
41 DBE
42 DBO
43 DBP
44 DEFI
45 DKL
46 DMLP
47 ECTM
48 EFSH
49 EPD
50 ESBA
51 ET
52 ET.PRC
53 ET.PRD
54 ET.PRE
55 ET.PRI
56 EUO
57 FGPR
58 FGPRB
59 FISK
60 FUN
61 GBLI
62 GDVTZ
63 GEL
64 GHI
65 GLL
66 GLP
67 GLP.PRA
68 GLP.PRB
69 GRP.U
70 GSG
71 GYRO
72 IEP
73 KOLD
74 MDBH
75 MMLP
76 MNR
77 MPLX
78 MPLXP
79 NEN
80 NGL
81 NGL.PRB
82 NGL.PRC
83 NRP
84 NS.PRA
85 NS.PRB
86 NS.PRC
87 NSLPQ
88 OAK.PRA
89 OAK.PRB
90 OGCP
91 OZ
92 PAA
93 RSTRF
94 SCO
95 SDTTU
96 SMLP
97 SOYB
98 SPH
99 SPLP
100 SPLP.PRA
101 SUN
102 SVIX
103 SVXY
104 TAGS
105 TXO
106 UAN
107 UCO
108 UDN
109 UGA
110 UGL
111 ULE
112 UNG
113 UNL
114 USAC
115 USCI
116 USDP
117 USL
118 USO
119 UUP
120 UVIX
121 UVXY
122 VIXM
123 VIXY
124 VPRB
125 WEAT
126 WEIX
127 WES
128 WLKP
129 YCL
130 YCS
131 ZSL

 

Disclaimer:

It is not an exhaustive list of all PTP securities that are in scope for Section 1446(f). The list may be subject to change from time to time without prior notice. This list is for reference only, and Airstar Bank cannot guarantee its timeliness, accuracy, or completeness.