My understanding is that when dividends are paid to a resident FT and subsequently distributed to a NR beneficiary, the distribution to the beneficiary is subject to Part XIII withholding tax. The FT prepares NR4 for the beneficiary.
If dividends are paid to a NR FT and subsequently distributed to a NR beneficiary, would Part XIII withholding tax apply only once—at the time the dividends are paid to the FT—and not again upon distribution to the beneficiary? Does the corp prepare NR4 for the FT in this case?