Yeah bro,... that's what I think too,...

I believed : the moment you declare you have remitted funds back and the source of the funds is from investments, then they will chk from which ctry.

If they see it's from a ctry that does not impose tax onto dividends and interest, then 'straightaway', they will expect the 'declarer' to include this amt into the net income amt, whereby, the total amt then will be subjected to the tax bracket as per our usual tax calculations. However, if,.......

...Per my earlier question to bro DWRK, since SG's system has already taxed the companies at the company level and does no further tax onto the hands of individuals, and LHDN agrees to this 'having been taxed earlier' arrangement, then okay - we do not have to add the portion of SG company dividends into our net income amt..

I really do not know how will LHDN handle all these complexities,....

Emm,... this is easy then. We just take out our brokerage statements to show our capital gains. Capital gains are NOT taxable. So,... is that all ? If it's easy for LHDN, then they just need to accept the brokerage statement. They'll have to accept the statement because it's written there clearly, the buy-low and sell-high figures, and we bring back just the difference.

So,........ is that all ?

Tq for your reply, bro,...

1) To ur first pararaph :

Pt 1 is a certainty, but if you have been actively managing your portfolio abroad, there will be times that you will certainly sell stocks. If you incur capital gain, you can, of course use this to justify the funds you are remitting back. Is there a problem here ?

Pt 2 is abt the initial investment abroad. So it's large, what's the problem here ? Why do we need to prove anything or say anything more abt these assets which we have abroad ?

2) To ur second paragraph :-

This is related to Pt 2 in ur first paragraph, why do we have to prove anymore,... the legitimacy of our assets abroad ? And that all taxes have been paid ? These are all in the past.

What is there to discuss ? To me, this FSI thing is plain and simple,... if we remit back, describe the funds being remitted back and decide if we shld include these into our net income or not. In fact, if we are certain the funds that we remit back are not taxable, we shld not even include these funds into our BE Form. However, I stand corrected in this thinking.

To your final statement in the above : I wonder if it is possible to discuss my case and potential taxation with LHDN before initiating the remittance and then decide to remit or not based on their response,......

You shld discuss this with your tax advisor. And secondly,... the moment you initiate this move, there are repercussions to it. Your file 'becomes visible'.

Awaiting your inputs, bros dwrk, prophet and jake,....

Yeah, your clarification was good. We got the context wrong. And our circumstances are different.

Your opinions are very valid and you are right in your intentions.

Who would want to remit everything back if they get taxed, right ? This brings me to what the previous Indon president did. He gave a certain period for the Indon citizens to bring back their funds taxfree into Indonesia before the taxation starts. I'm not sure if the Msian govt did this.

I preferred to leave my money outside.

Otherwise, if what I remit back is within the lowest tax-bracket of my income tax, my remittance will be,... practically taxfree. Otherwise,.. just pay the tax if LHDN does not look at the capital gains aspect.

Hey bro,... many, many thanks again for your time taken to do all these,......

To round-up :-

I think,... SG company taxation is quite straightforward - it's whether LHDN accepts the taxation at company level or not. Certainly we hoped they do, let somebody try to argue first.

SG REITs & Business Trusts,... this is more complicated,... there is NO tax against net profit at REIT/trust level, and for individuals and joint accounts, these are normally not taxed too,... so, these would invite tax from LHDN if remitted back becuase not taxed at 'both sides'..

Edited by adding the following :-

I just re-read your writings, bro,... Keppel DC REIT IS A REIT, not a company,... the treatment is obviously different. REITs' manadtes and company 'mandates' are different in SG,... SG REITs fall under the Collective Investment Schemes (CIS).

This post has been edited by Hansel: Jun 8 2025, 07:25 PM

Thanks again,...

And again, to round-up :-

1) To ur statement : trust me when i say the officer will spend as much time as needed to scrutinize your documents...

I agree to the above,... but what would be the motivation of the time taken ? Is it in the interest of the taxpayer,... or in the interest of the tax-collection agency, or by being neutral ? This is most important.

I wouldn't even think of penalty calculations,... since we have put in so much time to discuss all these, we shouldn't be making mistakes at all. A simple way would be NOT to remit back until things are more stable.

2) To ur statement : ok we extend exemption to 2036 - rakyat rejoice... not doing much to remit funds ( i think )

I believed the conditions of : if the dividends or interest have not been taxed at the source location would be subjected to tax if remitted back will be starting in 2027, for YA's 2022 till 2026. There is NO exemption extension for dividends and interest to 2036.

We are talking abt dividends and interest here.

I think ur pts 1., 2. and 3. are more applicable for 'one-time events', unfortunately,.. these pts are not applicable for people who have continuous income being generated overseas.

Bros,... do you guys really think the LHDN will be so detailed to single out for us,.... like this REIT dividend remitted by an individual can be taxed but a company dividend remitted should not be taxed, AND furthermore a Company's and Partnership's REIT dividends shld not be taxed, etc, etc ?

I am hoping the LHDN will,...

And we can just remit back dividends paid out by SG companies. Do not remit back dividends paid out by REITs and Trusts.

It's better to write everything out and make things clear-lar,....

Sembcorp Industries (U96) and Boustead SG (F9D) undergoing Strategic Review now,... F9D may set up a REIT soon.

Centurion has started the process to set up a REIT.

Share prices for these companies have all risen strongly recently, at 52week high or at All Time High... that's how the SG mkt works,...

I'm afraid I stand to differ in my opinions here,... Not all REITs and Business Trusts are the same. I made my money from Parkway Life REIT, First REIT, And MLT, to name a few,... My holding prices were low cos I bought early. But of course, if you bought, say,... Keppel Infra Trust early, it won't be good today.

As in everything else, we must be selective.

The GLCs are rising today,....

Yeah bro,.. on DBS,... sure-fire dividend here,... unless something really drastic happens.

Another one is Singtel for now.

Tq for the reply.

Congrats to all bros who hold DBS, especially to bro prophet here. I am an advocate for DBS too.

Bro,...

For quick opening and quick access, open : FSMOne Malaysia. This can be used to buy SG shares and is very easy to maneuver too. Many of my people in Msia are using this platform now.

Congrats to you, bro,...

My average price is $58.35, bought before the pandemic,... but my records say last transaction was in end-December 2023. Something missed somewhere,... I've never sold this share,... but dps rec'd in HKD. Some exchange losses there every qtr,...

In the meantime,........

UMS Integration (SGX:558) reached a high of $1.52 this morning,.....

Congrats to all shareholders,... All Time High here, I think,... didn;t refer,...

For more details on the coming IPO of UMS Integration in Bursa Msia :-

https://forum.lowyat.net/topic/5532118

Have you taken any profit for your Gold at all ?

It's always like that, bro,.... When things tart moving, we will feel like we've not bought enough. So,.. we have to average-up, safely & smartly. Don't wait too long for the dips, not for shares like DBS now.

The secret is to always find the ones that have NOT started to move..................YET ! BUT ARE SURE TO MOVE SOON !!!!!!!!!!!

For myself, even if the share price down not move-up, I'd be happy if the divvy payout grows after I bought-in.

https://thesmartinvestor.com.sg/mas-is-inje...3b2cc-433411049

Singapore’s central bank is bringing out the bazooka to inject a massive dose of liquidity into the stock market.

Thank you….

Would you rather that you have continuous income from Gold… compared to having only the strong, unrealised capital appreciations that you are enjoying now ?

Any opinions here ?

Ok,... tq,...

Congrats again to all DBS shareholders,......