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Anonymous
What is the difference between using Ireland-Domiciled S&P 500 ETFs compared to using SGX SPDR S&P 500 ETF? I have been wanting to invest out of singapore market to diversify and intend on S&P 500. I saw the post on seedly on ireland domiciled ETF where the tax is less. However SGX listed SPDR S&P 500 should be entitled to the tax exempt law in singapore, so do i choose this? Just want to clarify any doubts, appreciate any help or advice!
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Even though it is listed in Singapore, the country of domicile is still USA for S27. The withholding tax of 30% on the dividends is deducted at the source(US). After that, there is no additional tax on SG end.
https://www.ssga.com/sg/en/individual/etfs/fund...
For Ireland domiciled ETFs, the withholding tax on dividends is 15% due to the tax treaty between US and Ireland.
If you donโt care about the dividend and only concerned about the capital gains, you can choose to go with S27.