ZIM Integrated Shipping Services Ltd. issued an update regarding the withholding tax procedures for its cash dividend, which is scheduled for distribution on April 3, 2025. The company confirmed that the Israeli Tax Authority (ITA) ruling on tax withholding procedures will apply to this dividend payment.
This ruling allows certain shareholders to be eligible for a reduced Israeli withholding tax rate on their share of the dividend, compared to the standard applicable rate. The dividend payment, previously announced on March 12, 2025, amounts to $3.17 per ordinary share, totaling approximately $382 million.
To qualify for the reduced withholding tax rate, shareholders must submit all required documentation to IBI Trust Management, the appointed processing agent, by May 5, 2025. This information is vital for shareholders to understand the tax treatment of their dividend income.
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