facebookAre dividends from US shares and etf taxable by iras? And do we need to declare these dividends as income unlike SG shares because it is not one-tier? - Seedly

Anonymous

07 Jun 2019

General Investing

Are dividends from US shares and etf taxable by iras? And do we need to declare these dividends as income unlike SG shares because it is not one-tier?

Divends and taxes. Are overseas income to be declared as income

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Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

US stocks withholding taxes need not be declared to IRAS.

The dividends you get are already taxed on the US side. The amount you received is always after tax.

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The dividends received in your account from US based stocks are already less 30% due to withholding taxes. There's no need for declaration to iras as far as I know

Nicholes Wong

23 Mar 2019

Diploma in Business Management at Nanyang Polytechnic

It is not taxable hence you do not have to declare....

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