AS i read it, CURRENTLY individuals are not subjected to tax on foreign derived income.
However, the gov will amend the tax laws to enable tax to be collected from corporations and individuals.

corporations? based in SG but owned by msia?

NOOOOOOOOOOO......Corporations as tax residence in Malaysia.

Oh hehe okay. I’m not affected then.

UNofrtunately i will be. As i remit my dividends back to Malaysia. Probably looking at 10 to 15% haircut.
Will have to relook at my investment strategies.

Why wanna remit back. Just get a CC that linked to sg bank acc then swipe it.

derail a bit from the topic.

our gomen is getting more and more desperate, keep wanting to take more of your money and distribute it to the poor (to control them).

Thanks for the idea. Maybe i will finally have to open an bank and brokerage account in SG.

No. I think if we invest in SREITs, this tax law amendment will affect some of us. Good discussion.

Dividends is cleared in sg already no? Still need to pay tax as dividend is tax exempted?

See the problem is remitting back to Malaysia. That is when we have to declare this income and therefore it becomes taxable.

Which brokers are you with now? You didn't use IB all the while?

No. I did not use IB. I use local broker. Kenanga Inv Bank.
Reason: I am old man. There is the matter of probate in case i leave.
Easier if i maintain a Malaysian broker.

So your brokerage fees are higher then?

Definitely higher than IB. Brokerage fees are 0.3 to 0.4%
But they dont charge any trustee fees.

You could explore Tiger brokers in SG + CIMB SG bank account . All can be open remotely/online . Would be a better to keep an option to retain the div. in SG and re-invest with it.

He is afraid of probate issues that's why he keep his assets under his name from a local broker, to simplify things.

Thanks Mate. I will look into this option.

Ara US Hospitality: https://links.sgx.com/1.0.0/corporate-annou...d13c7643f143b1b

Netlink NBN: https://links.sgx.com/1.0.0/corporate-annou...d84f65b321b0342

Prime US: https://links.sgx.com/1.0.0/corporate-annou...36421def5847d92

Also, ESR's acquisition of Ara has been approved in the EGM https://links.sgx.com/FileOpen/202111_01%20...t&FileID=689381

Parkway LIFE is unusually late this time, result out at 10 p.m., usually she reports early in the morning.

https://links.sgx.com/1.0.0/corporate-annou...abaaabf55d5bdae

She is the BEST REIT out there, gearing only 34.7%, WALE almost 20 years, cost of debt 0.53% p.a., interest coverage 22 times... No wonder the unusually low dividend yield. Well justified, lucky to buy her at pandemic low. Sitting at at 40ish% paper gain.

She proves one thing. Big is not always the best.

Cromwell European REIT update: https://links.sgx.com/1.0.0/corporate-annou...1535f67497f0426

This post has been edited by TOS: Nov 3 2021, 11:27 PM