BERWYN, PA — Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, recently announced that its Board of Directors authorized a quarterly dividend of $0.08 per share. The dividend will be a cash distribution payable on January 21, 2021, to shareholders of record as of the close of business on January 7, 2021.
While the U.S. headquarters is based in Berwyn, PA, Trinseo is a public limited liability company formed under the laws of Luxembourg. Under current Luxembourg tax law, distributions to shareholders via repayments of equity or share premium are not subject to Luxembourg withholding tax. Distributions made by Trinseo before 2020 were repayments of equity or share premium and were therefore not subject to Luxembourg withholding tax.
This quarterly distribution will be considered a dividend made on the common shares and is subject to a 15% withholding tax under Luxembourg law. Trinseo will deduct this tax from the dividends paid to their shareholders and transfer this tax to the Luxembourg tax authorities.
Certain exemptions or reductions in the withholding tax may apply to shareholders based on Luxembourg tax legislation or applicable income tax treaties. Shareholders should consult their own tax advisors regarding the ability to claim any available refunds from the Luxembourg tax authority. Trinseo S.A.’s RCSL number is B153549.
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