Important Notice: New withholding tax on the US Publicly Traded Partnerships (“PTP”) Securities
@TigerWire：
Dear clients,The US Internal Revenue Service (“IRS”) has issued a new provision under Section 1446(f) of the Internal Revenue Code (“IRC”) that primarily impacts non-US Persons who invest in US PTP Securities. With effect from 1 January 2023, non-US Persons will incur a 10% withholding tax on gross proceeds from sales or trading of US PTP securities.In view of the complexity of Section 1446(f) withholding tax, Tiger Brokers (NZ) Limited (“Tiger Brokers”) will be taking the following actions: Starting from 1 December 2022, Tiger Brokers will cease to accept orders to open positions on USPTP securities and relevant derivatives, and share transfer-in requests for US PTP securities; Bythe market close of28 December 2022, clients who hold such USPTP securities can choose to sell theirpositions