i think the issue is the double taxation treaty thing.
If SG companies have already applied the single tier and the Msian shareholder gets taxed again in Msia, it will contravene the double taxation treaty.
Whereas US and Msia has no such treaty.

the payor company is used in conjunction with tax treaties

you may need to pay top-up tax

i think all countries its progressive for tax residents... and flat rate for non-residents

depends how IRB writes the law... dunno yet... if taxed when given or taxed when repatriated/remitted...

most of IRB's other regulations has move from repatriated to when given

since this is "new" to ppl... maybe they a bit generous in this transition period and only taxed when repatriated

edit: just wanna say tax at source/when given makes life easier for ppl in reducing paperwork/records keeping etc. also when you progress and naik pangkat get higher pay... you would have paid less taxes when your bracket is 18% vs 26%...

This post has been edited by dwRK: Oct 30 2021, 11:04 AM

Meaning if the company paid 25% tax for you, and your tax bracket is 15%, the LHDN pays you the extra 10% over payment?

SG Reit is tax exempt right ?

This post has been edited by Vector88: Oct 30 2021, 11:47 AM

. Reit dividends are free of corporate taxes. But now the problem for us Msian investors, is that it may be deemed income from overseas.

This post has been edited by prophetjul: Oct 30 2021, 11:49 AM

if is local company div... correct

https://www.theedgemarkets.com/article/delo...crease-tax-bill

My humble opinion, reits are all tax feee in malaysia and sg if distribute 90% of income. But Malaysia impose 10% withholding. Most likely we kena this, if gomen has the compunction of being fair

You have described company tax. However, the proposed tax law appears to suggest personal income from foreign sources.

https://www.pwc.com/my/en/publications/taxa...tion-part1.html



https://www.ey.com/en_my/news/2021/10/budget-2022-comments

https://www.pwc.com/my/en/assets/publicatio...-2022-Part1.pdf

so far I have never transmitted back to Msia, having said the details are yet to be finalized or provided.

Seriously I am really sceptical about how they are gonna manage this.
Imagine I invested long term in S-Reits, realized gain and reinvest countless times, in between I might remit some of my SGD back to MYR
1) how they are gonna know that this SGD is my gain from S-Reits, how does the accounting work? who gonna calculate how much tax to pay?

This post has been edited by tadashi987: Oct 31 2021, 11:17 PM

Ya now it falls onto us tax residents to keep track of every single transaction of SGD in/out of our bank account. Lots of labour work required and can be especially demanding for those who are not disciplined enough.

Er, isn't it obvious, it is up to us to declare, pay and fill for refund and keep the records. They want our money but refuse to do the heavy lifting. I am so gonna vote opposition in this coming election. I never voted. But

This post has been edited by Ramjade: Oct 31 2021, 11:50 PM

Elite Commercial: https://links.sgx.com/1.0.0/corporate-annou...e6fcccdbcd26c66

CE REIT's acquisition of logistics property in Italy: https://links.sgx.com/1.0.0/corporate-annou...3d39a926969b0b3

ART's acquisition of student accommodation property in IL, US: https://links.sgx.com/1.0.0/corporate-annou...2afc7f25ef7acab

ESR REIT's business update video: https://links.sgx.com/1.0.0/corporate-annou...3eb990f6cc71383

O YEAH!!!! MOre taxes to pay!

OUE Commercial REIT 3Q business updates.

https://links.sgx.com/1.0.0/corporate-annou...a9c894e5879b0ea

A bunch of results and business updates out today:

MUST: https://links.sgx.com/FileOpen/Manulife%20U...t&FileID=689359

Capitaland Investment: https://links.sgx.com/FileOpen/CLI%203Q%202...t&FileID=689344

just to clarify, i see the top header, is it talking about corporate tax only?

tax at personal level like us is not affected/under the purview of this?