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The section about country tax rates is used to define the tax rate per tax type for each country in BFSBricknode. A tax type could be for example taxes on dividends, coupon interest, etc.

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In the example above the tax rate for the United States is set to 30% for dividends. This means that if the house (we who operate BFS) is based in the US and we have a customer that is taxable in the US who receives a dividend from a US company we are going to withhold 30% of the dividend amount as tax for the US and place those funds into a separate BFS account owned by the house. This is further explained inĀ Get started with tax management in BFS.

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