income gains (dividend) = 1.2 million EUR
capital gains = 2.0 million EUR
withholding tax = 15%
Follow the standard approach with respect to withholdings.
Total amount of withholding taxes the fund will reclaim is:
0.15 * 1.2 = 0.18 million EUR
The standard approach is that withholding is applied to the dividend income only.
Tuesday, May 10, 2011
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