Will the dividends for foreign stocks be credited into our bank account or into brokerage account? And will it be taxed? - Seedly
 

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Asked by Anonymous

Asked on 12 Jun 2019

Will the dividends for foreign stocks be credited into our bank account or into brokerage account? And will it be taxed?

Want to invest in foreign stocks but need to do some homework first

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Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 8. Wizard
Updated on 13 Jun 2019

Usually the dividends from foreign stocks are credited to your brokerage account. Because the stocks are held in custodian account of the broker.

Tax on dividends depend on which country the stocks are from. US, 30% dividend tax. HK, no tax. Malaysia, yes. Can check with broker exactly which country and how much is the dividend tax

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佩珊
佩珊

on 13 Jun 2019

Ya now me to tied cos I pay tax 13 year at sg stay sg but now I have fidrec case all my money is unhold.is not fair to us holding wp ediot agency.