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All about ETFs / Foreign Brokers, Exchange traded funds
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MUM
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May 1 2022, 10:04 PM
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QUOTE(RigerZ @ May 1 2022, 09:58 PM) Referring to the gomen's plan to impose tax on all foreign income (which would include ETF capital gains), although the tax is now exempted until 2026, will we see less people wanting to invest in such overseas vehicles as a result? Sos: https://www.aseanbriefing.com/news/malaysia...sourced-income/Sure capital gains will kena tax after 2026?? I thought only "income"... Will kena?
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MUM
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May 2 2022, 11:43 AM
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QUOTE(RigerZ @ May 2 2022, 11:12 AM) Hmm. When it says "all types of income" I interpreted it to mean any source of earnings, capital gains included. Google and found this,.... "If the income stays overseas, it will not be taxed. What should be highlighted here also is that this will only apply to income. Gains that are not taxable in Malaysia will not be subject to tax," he says. https://home.kpmg/my/en/home/media/press-re...o-malaysia.htmlWhat are not taxable? "The provisions will only affect gains that are “income” in nature. On this note, foreign source gains that are “capital” in nature will not be subject to tax. Foreign source capital gains should include proceeds from the disposal of foreign stocks, foreign properties, foreign assets, foreign currencies, foreign investment papers, etc, if these assets had been held as long-term investments. " https://www.crowe.com/my/insights/taxabilit...-sourced-income
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MUM
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May 2 2022, 12:44 PM
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QUOTE(RigerZ @ May 2 2022, 12:29 PM) Ah. Many thanks for this. Since I'm in the ETF thread, how do foreign ETF dividends work? Do they automatically reinvest? Or they get deposited to your trading account? Or does it depend on the individual ETF.... Googled and found this,... "Exchange-traded funds (ETFs) pay out the full dividend that comes with the stocks held within the funds. To do this, most ETFs pay out dividends quarterly by holding all of the dividends paid by underlying stocks during the quarter and then paying them to shareholders on a pro-rata basis. They are typically paid either in cash or in the form of additional shares of the ETF."https://www.investopedia.com/ask/answers/05...ks-held-etf.aspDo ETFs pay dividends? Most ETFs pay dividends to their fund holders either half yearly or yearly. You are advised to refer to the distribution policy in the prospectus or offering document of the ETF.https://www.bursamalaysia.com/reference/faq...ge_traded_funds
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MUM
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Jul 14 2022, 07:03 PM
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QUOTE(ollec @ Jul 14 2022, 05:58 PM) Dear all, quick question, is there any "limitation" on how much you can transfer per month to CIMB Singapore before raising a red flag for BNM? Thanks! Previously some forummers mentioned, Other than the $ amount of transfer, the frequencies of transfers and the total number of transactions per month will trigger the attention of the bank too. Perhaps can try get more info in forex, bitcoin or stock market (overseas) forums if there is not much response to your query here This post has been edited by MUM: Jul 14 2022, 07:06 PM
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