FSM INVEST EXPO 2020
Asked on 05 Jan 2020
I had invested in overseas ETF and stocks. I know that capital gain is tax-free in SG, but what about dividends received from overseas ETF/Stock, do we need to pay tax for it? If yes, are the tax rates the same?
If I understand you correctly, nope, it is not paid out of your pocket. Your dividends will be net of it because your broker will settle it
Hi there, I only invest in SG & HK markets, so from what I know, we don't have to pay tax there. However, for US stocks, you would have to pay a 30% withholding tax on the dividends received.
I have an account with AutoWealth, which devises a portfolio of NYSE listed ETFs for me. From my account, I saw that there is the dividend witholding tax, which deducts 30% of the gross dividend amount. Therefore the dividend received is already after tax deduction so you do not have to pay for it.
Overseas dividends will depend whether the foreign countries mandate withholding tax and the existing, if any, tax treaty between Singapore and foreign investors.
Depends on which overseas ETF/stock you talking about. US stocks/etfs will have 30% tax on the dividends while hong kong stocks does not have any dividend tax etc.
Depends on where the stock/etf counter is located. Dividends from US listed stocks are subject to 30% withholding tax. I believe UK or Irish domiciled are 15%. Not sure about stocks listed in other markets.
05 Jan 2020