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Anonymous

13 Dec 2020

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Does capital gains or dividends we earn gets taxed when we are investing in the US market (eg Tesla, square, coca cola) here from Singapore ? Will our profits be taxed if we sold off the shares of 20 years?

I live in Singapore, using an overseas broker called to invest in us market such as Tesla, Google, coke and etc. In Singapore, I understand that capital gains/dividend will not get taxed. But does it also apply for me who is investing in US market here in Singapore as a Singapore citizen? Will my profits made from us stocks get taxed?

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Kok Hong

13 Dec 2020

Only dividends, not capital gains. Anyway investing in the us market is for capital gains

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Kenneth Quek

12 Dec 2020

US stocks have 30% dividend tax. Unless the stocks are Ireland domiciled, in which case it is 15% dividend tax. Half price!

The other tax not mentioned is estate tax. If you pass on, US laws state that your stocks will be taxed at a 40% tax rate for anything above usd60k.

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Jonathan Chia Guangrong

11 Dec 2020

SOC at Local FI

As of now, there is no capital gains tax here if you sell off your US stocks. Dividends as mentioned...

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