facebookWhat is the WHT for US dividends for Singaporeans? - Seedly

Rasyad .

05 Nov 2019

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General Investing

What is the WHT for US dividends for Singaporeans?

Is it done automatically or do I have to declare it myself?

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Chong Ser Jing

04 Nov 2019

Former Writer/Analyst at The Motley Fool Singapore

Hi Rasyad! Tax issues may be tricky because each individual's circumstances can be different. But in general, Singaporeans living in Singapore who want to invest in US-listed stocks have to sign the W8-BEN form (something your broker should be happy to help you with). The form declares to the US government that the individual is a non-US resident. Once the form is signed and submitted, the individual will have to pay WHT (withholding taxes) of 15% on dividends from US-listed stocks. Typically, the WHT will already be deducted by the time your broker passes you the dividends from your US-listed stocks, so there's nothing you have to do. There will also be no capital gain taxes on US-listed stocks once you've signed and submitted the W8-BEN form.

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