You may be able to reduce your 2019 income taxes in connection with foreign income tax paid by the following funds:
Delaware Emerging Markets Fund
Delaware Global Value Fund
Delaware International Value Equity Fund
For the calendar year 2019, Delaware Emerging Markets Fund, Delaware Global Value Fund, and Delaware International
Value Equity Fund paid foreign income taxes on a percentage of the dividend and interest income earned on
investments in several countries. You may be able to use these foreign taxes to take either a tax credit (provided
you have met the minimum holding period requirements*), or a deduction on your 2019 federal income tax return. This
may allow you to reduce or eliminate any double taxation on your foreign earnings. This tax benefit is an option
only if you held shares of Delaware Emerging Markets Fund, Delaware Global Value Fund, or Delaware International
Value Equity Fund (any class) in a taxable account in 2019.
Management strives to reclaim foreign taxes withheld in countries where it invests. However, some countries limit or
do not allow reclaims by a fund. Taxes that are withheld and cannot be reclaimed are considered paid by the fund.
Your proportionate amount of foreign taxes paid appears on line 7 of Form 1099-DIV (foreign taxes are reported in
the "foreign tax paid" column and also included in the "total ordinary dividends" column).
* Must have held shares in the Fund for at least 16 days during the 31-day period beginning on the date that is 15
days before the date on which such share becomes ex-dividend with respect to such dividend to be entitled to the
foreign tax credit.
Receiving a tax credit
If the total amount of your foreign tax paid on IRS Form 1099-DIV is more than $300 (more than $600 if married and
filing jointly) and you wish to receive a tax credit, please use the information on Form 1099-DIV to determine your
foreign tax paid and foreign source income. You will need to disclose this information on Form 1116. Corporations
should use IRS Form 1118.
If the total amount of your foreign tax paid on IRS Form 1099-DIV is $300 or less ($600 or less if married filing
jointly) and you meet certain other requirements, you can claim the foreign tax credit on Schedule 3 (Form 1040),
line 48, without filing IRS Form 1116. Please consult your tax advisor or read the instructions included with IRS
Form 1040 and IRS Form 1116 to see if you qualify.
Claiming foreign tax payments as a deduction
If you wish to claim the taxes paid as a deduction, rather than a credit, simply list the total foreign taxes paid
with other itemized deductions on Schedule A of your individual income tax return.
Please consult your tax advisor to help you determine whether a tax credit or deduction is more advantageous to your
personal situation and for help completing the appropriate IRS forms and/or schedules. Tax forms and schedules can
be obtained directly from the IRS.