QUOTE(SKY 1809 @ Jan 22 2013, 11:23 AM)
Singapore has signed a Double Tax ( avoidance )Treaty with Malaysia, so taxed only once at either country.......
Malaysia does not have this treaty ( on dividends ) with US, I presumed....
BTW, Single Tier Tax is not Tax Free, just we as the individuals , pay the same rates as the Corporates .....aka Tax at source if u like
Only time it is tax free when Corporates pay tax Exempt Div out of Tax exempt incomes .
U confuse me, so time for me to confuse u back lah.
No need for tax treaty, all FOREIGN income not originating from Malaysia is tax free.
(This law to help the crony hide their money is swiss bank account and park their money out of Malaysia. Why you think MY has the highest fund outflow compared to other countries?
)
US is withholding tax, means even though you have tax treaty still TAX you kau kau. ..
Unless you declare US income tax, then you can reclaim some of it.
So single tier div from Malaysia = single tier div from SG = whats the problem?