ZIM Integrated Shipping Services Ltd. announced an update on the withholding tax procedures for its cash dividend, which is expected to be distributed on June 9, 2025. The company secured an extension of the previously obtained tax ruling from the Israeli Tax Authority (ITA) for this 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 generally applicable rate. The dividend payment, previously announced on May 19, 2025, amounts to $0.74 per ordinary share, totaling approximately $89 million.
Shareholders who wish to benefit from the reduced withholding tax rate must provide all required documentation to the appointed agent, IBI Trust Management, by July 3, 2025. This update is important for shareholders to understand the tax treatment of their dividend income.
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