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Anonymous

17 Apr 2021

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Hi has anyone used trading212? It is an overseas broker. How does the gains and dividend get taxed here in Singapore ? Must we declare?

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The Super Long Ark

17 Apr 2021

Full-Time Trader at Barista FIRE

I personally use tigerbroker & moomoo.

if you are not a US citizen, there is no tax for gains. however, if you invest in a US stock/etf that pays out dividends, there is a 30% tax which is automatically deducted from your dividends before it reaches you. so there is nothing to be taxed in singapore.

do note that there is a 18-40% estate tax for US assets in the event that you pass away.

more info can be found here: https://blog.seedly.sg/us-stock-investing-taxes...

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