@Petz - Cash
When I understand this paragraph correct:
"
...
Shareholders Resident in Treaty Countries Other than the United States. Former Saifun shareholders who are residents of Treaty Countries other than the United States, including Canada, Germany and the United Kingdom, must provide a residency or similar certificate from the tax authorities in the Treaty Country in which they are resident. Non-U.S. Treaty Country residents that wish to timely claim an exemption from certain of the withholding requirements imposed by the ITA tax rulings should contact their own tax advisor to determine whether such certification is available from the tax authorities in the applicable Treaty Country, how to obtain any such certification, and how long it may take to obtain any such certification. These shareholders should request any such certification as soon as possible, and should not wait to receive a letter of instruction from the exchange agent or from their broker. If a shareholder waits to receive these materials from the exchange agent or from their broker before requesting any such certification the shareholder may not receive such certification from the applicable tax authorities in time to timely claim a withholding exemption.
...
"
the broker has to have a resident paper which shows, than
I'm a german citizen. If this is given, I don't have to pay
Israel income tax. I will contact my own german broker, what
I have to do and I will contact Saifun IR as well. Seems
like a bit of paperwork.
edit:
When they settled on the may 28. for these requirements, I
assume, that the FINAL!!! process (cash+shares) will follow
in june. I hoped, this will be done faster. Its a bit
(politly spoken) bad for SFUN holders, because we have to
hold shares around 3months, in which we can't do anything.
If SPSN goes further down, we can't act, if SPSN goes up,
fine. Not a good scenario from an investor standpoint. I
really hoped, they will/would handle this MUCH better, but
it seems, that legislation processes are the reason for this.
BUGGI |
