Golding Lawyers provide the following information on foreign dividends, "Not all foreign dividends are qualified. In order for a foreign dividend to be qualified, it has to meet certain threshold requirements to assess whether it meets the minimum basic requirements for qualified dividend status.
Generally, the foreign dividend must meet any of the following requirements (brief summary):
- The Corporation is incorporated in a U.S. Possession
- The Corporation is eligible for benefits by way of a U.S. Income Tax Treaty
- If the stock is readily tradable on an established securities market in the U.S. (or a National Securities Exchange registered under Section Six of the Securities Exchange Act of 1934 or NASDAQ Stock Market.)"
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