Keppel Pacific Oak US REIT (SG:CMOU) has released an update.
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Keppel Pacific Oak US REIT has announced that its non-US unitholders are exempt from the US withholding tax under Section 1446(f), as the REIT operates in a way that avoids being engaged in US trade or business. The company has issued a Qualified Notice effective 1 April 2024, available on their website, confirming its tax position, and will continue to update this notice quarterly. This information is critical for investors as it affects the tax implications of owning units in the REIT and does not require them to file a US tax return or obtain a US tax ID solely due to owning these units.
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