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ZIM Updates on Withholding Tax Procedures on June 2025 Cash Dividend
Prnewswire· 2025-05-29 11:00
Core Viewpoint - ZIM Integrated Shipping Services Ltd. has announced an update regarding the dividend distribution scheduled for June 9, 2025, and has obtained an extension of a tax ruling from the Israeli Tax Authority concerning withholding tax procedures for shareholders [1][2]. Dividend Announcement - The company declared a dividend payment of $0.74 per ordinary share, totaling approximately $89 million, to be paid to shareholders as of June 2, 2025, with the payment date set for June 9, 2025 [6]. Tax Withholding Procedures - The current Israeli withholding tax rate on dividends is 30% for substantial shareholders and 25% for other ordinary shareholders. However, certain shareholders may qualify for a reduced withholding tax rate due to the recent ruling [7][8]. - To benefit from the reduced withholding tax rate, shareholders must comply with specific terms outlined in the ruling, including submitting required documentation by July 3, 2025 [10][11]. Agent Appointment - ZIM has appointed IBI Trust Management as the processing agent to facilitate the implementation of the tax ruling procedures for shareholders [9]. Eligibility for Reduced Tax Rate - Shareholders residing in countries with tax treaties with Israel may apply for a reduced tax withholding rate during the designated period, with applications evaluated based on Israeli tax laws and applicable treaties [8][14]. - Non-Israeli corporate shareholders must provide additional documentation, including a declaration of residency and shareholder register, to qualify for the reduced rate [14].
ZIM to Release First Quarter 2025 Results on Monday, May 19, 2025
Prnewswire· 2025-04-28 12:00
Avner Shats ZIM Integrated Shipping Services Ltd. +972-4-865-2520 [email protected] Investor Relations: HAIFA, Israel, April 28, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its first quarter 2025 financial results on Monday, May 19, 2025, before the U.S. financial markets open. Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update at 8:00 AM ET. The cal ...