Supplied assets · client notice
A 6–10% annual withholding tax is being introduced for supplied assets.
If you supply assets through Galaxy, this change may affect the amount withheld and documented during the annual reporting period. The public notice contains only the key points; the full application is explained in the transcript.
- 01The annual withholding rate is between 6% and 10% for supplied assets covered by the notice.
- 02The applicable rate, start date, asset scope, and withholding basis may determine how your supplied position is documented.
- 03Review your account records before supplying, renewing, withdrawing, or reconciling an affected asset.
Read the complete breakdown. Access the full transcript through DocuSign to understand how the annual withholding may affect your supplied assets and records.
The transcript is provided through DocuSign.