Manulife US REIT Exempt from US Withholding Tax

Manulife US REIT (SG:BTOU) has released an update.

Manulife US REIT has announced that it is exempt from the new U.S. withholding tax on non-U.S. partnership transfers, as it is not engaged in U.S. trade or business. This positive development means that unitholders of Manulife US REIT are not subject to the Section 1446(f) Withholding Tax and do not need to file a U.S. tax return or obtain a U.S. tax identification number based on these rules. The company has issued a Qualified Notice on its website confirming the exemption, which will be updated quarterly.

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