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Dividend tax
Just interested in knowing the dividends taxable in SG
For bonds like astrea bonds or any retail bonds listed on SGX, are they taxable?
For reits like SUntec reit, are they taxable? I saw that Keppel reit are taxable but others say that all reit in SG are not taxable
For Syfe REIT+, it is taxable?
For foregin corporate bonds like microsft bonds or foreign bond etfs , are they subkected to the 30% tax like foreign etfs? or is there different tax?
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Billy
07 Jan 2023
Development & Acquisitions Manager at Real Estate Private Equity
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Tony
Edited 07 Jan 2023
Computer Engineering at Nanyang Technological university
Most of the time no dividends tax unless you are cooperatives.
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You can refer to this article: https://www.iras.gov.sg/taxes/individual-income......
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It depends on how the REIT is being listed. If it's listed in USD e.g. Manulife US REIT chances are that you'd have to submit the W-8BEN form for potential exemption of 30% dividend withholding tax (Thanks Choong Hwee: https://seedly.sg/posts/dividend-tax-for-manuli...)
Otherwise if its in SGD, not that you don'thave to pay taxes but rather the dividends are already taxes at the corporation level.
For any company HQ-ed in US / listed in US market, the dividends announced by the companies are pre-30% tax, so you just receive 30% less in dividends. Hence its not advisable to buy foreign-listed stocks purely for dividend play. Best to stick with local REITs / stable companies with increasing DPU.