Asked on 30 Jul 2020
For example, companies that are based in China/ HK/ Europe that are on the NASDAQ/NYSE exchange. (Equity/ETF in US$ etc) Thanks!
This blog post by The Invest Quest would answer your inquiry and more:
The Ultimate Stock ETF List for SG Investors
Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
Answered on 31 Jul 2020
If you invest in stocks/ETFs domiciled in US, there will be 30% dividend withholding tax. If its a US domiciled ETF with China companies, the ETF fund will pay a dividend withholding tax of 10% to China and then you will pay additonal 30% dividend withholding tax to US. If you invest in China/Hong Kong through US instead of HKEX, your returns will be affected even more.
So if possible try to invest through HKEX if you want to get into china/hong kong companies since Singapore have tax treaty with Hong Kong.
3 more comments
31 Jul 2020
Yes the tax will definitely eat into the returns especially those that gives high dividends. Either you invest one that focus on capital growth and give less dividends or you can buy ireland domiciled ETFs with US investments listed on the London stock exchange which will reduce the withholding dividend tax to 15%. Anything related to Hong Kong its best to buy from HKEX itself since we have tax treaty with them.
03 Aug 2020
Agree with @Nicholes Wong, try to buy all HK related equities from HKEX, and if you want to be paranoid, buy them at a HK brokerage so that you have maximum protection....