I have been holding some Petroleo Brasileiro (ADR) for quite a while now. And my newest dividend payments all include a withholding tax somehow.
I have read that for Brazilian shares there is no withholding tax.
Am I paying that tax to the US because it’s an ADR ? And if so, shouldn’t I just switch to the non ADR one?
Why is it being deducted now and not before ? I have received many dividends from them and none had a tax on it.
Thanks in advance!
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