ZIM Integrated Shipping Services .(ZIM) Prnewswire·2025-03-20 12:00Core Viewpoint - ZIM Integrated Shipping Services Ltd. is set to distribute a dividend of $3.17 per ordinary share, totaling approximately $382 million, on April 3, 2025, with a tax ruling from the Israeli Tax Authority allowing for a potentially reduced withholding tax rate for certain shareholders [6][1]. Dividend Distribution - The dividend payment is scheduled for April 3, 2025, to shareholders holding ordinary shares as of March 24, 2025 [6]. - The company will withhold 25% of the dividend amount for tax purposes, with the remaining 75% to be distributed to shareholders [8]. Tax Withholding Procedures - The current Israeli withholding tax rate is 30% for substantial shareholders and 25% for other shareholders, but certain shareholders may qualify for a reduced rate under specific conditions [7]. - Shareholders must apply for the reduced tax withholding rate between the payment date and May 5, 2025 [8]. Eligibility for Reduced Withholding Tax Rate - Shareholders who are residents of countries with tax treaties with Israel or foreign residents from countries without such treaties may apply for a reduced withholding tax rate [8]. - Documentation required includes proof of tax residence, beneficial ownership of the dividend, and confirmation that the investment was not made through a permanent establishment in Israel [8][15]. Agent Appointment - ZIM has appointed IBI Trust Management as the processing agent to facilitate the tax withholding procedures for shareholders [10]. - Shareholders are encouraged to contact the agent for assistance with the required forms and documentation [10].