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 SGX Counters, Discussion on Counters in the SGX

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prophetjul
post Apr 14 2025, 10:18 AM

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QUOTE(TOS2 @ Apr 14 2025, 10:08 AM)
Did you bring the dividends from SG back into Malaysia? If not, then no need to declare.
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Yes. i brought back some.
In the section, there is only one liner.

Income ..........tax rate in that country............

prophetjul
post Apr 14 2025, 10:27 AM

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QUOTE(TOS2 @ Apr 14 2025, 10:22 AM)
Err which form are you referring to?

Part E of the BE form should have 3 lines available:

user posted image
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Not this section
This section:

"TAX EXEMPT INCOME FROM SOURCES OUTSIDE MALAYSIA RECEIVED IN MALAYSIA"

How come i do not even see Section E?????? sweat.gif

This post has been edited by prophetjul: Apr 14 2025, 10:31 AM
prophetjul
post Apr 14 2025, 10:37 AM

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QUOTE(TOS2 @ Apr 14 2025, 10:34 AM)
Ah yes, you should fill in part K not part E sorry...

Park E is for non-exempted source of foreign income received here.
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How to fill? What is the tax rate for SG and HK?


prophetjul
post Apr 14 2025, 10:43 AM

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QUOTE(TOS2 @ Apr 14 2025, 10:36 AM)
In that case, you just fill in according to country, so you aggregate the dividends from OCBC, DBS, SREITs etc. into one line - Country is Singapore.

user posted image
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Bro,

i cannot see this section in my wife's eBE form. rclxub.gif
It only show

Statutory Income and Total Income
-split into Income in Malaysia
-Non employment income in preceeding years
-TAX EXEMPT INCOME FROM SOURCES OUTSIDE MALAYSIA RECEIVED IN MALAYSIA


prophetjul
post Apr 14 2025, 10:44 AM

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QUOTE(TOS2 @ Apr 14 2025, 10:41 AM)
Let me fill in everything for you except the amount. tongue.gif

Country (Use country code) SGP
Type of income * b) Dividends
Tax paid in the country of origin (1 = Yes 2 = No) 2
Headline tax rate in the country of origin (%) 17%
Amount of tax charged in the country of origin (RM) 0
Amount of income remitted (RM) Fill in yourself
*
Ahhhhhhhhhhh OK thanks BRo! thumbup.gif

BUT there is only 1 line. If different countries, you cannot fill in?
If i have dividends afrom SG, HK and China, H0W to fill?

This post has been edited by prophetjul: Apr 14 2025, 10:47 AM
prophetjul
post Apr 14 2025, 11:02 AM

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QUOTE(TOS2 @ Apr 14 2025, 11:01 AM)
Part K has 4 lines.

One line per jurisdiction.

Line 1 HKG, Line 2 SGP, Line 3 ... etc.
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There is no part K in the eBE. biggrin.gif
In fact, there are no sections stated in my wife's eBE form. How? rclxub.gif
prophetjul
post Apr 14 2025, 11:12 AM

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QUOTE(TOS2 @ Apr 14 2025, 11:06 AM)
Err you are filling for 2024 tax returns right?

Wife is "residential individual, does not carry on business" yea?

Your form should look like the one here, yes? https://www.hasil.gov.my/en/forms/download-...form-individual
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Yes. That is the one. No sections.
Just Statutory Inocme and Total Income. Which is divided into Inocme in Malaysia, Non Employment income undeclared in preceeding years and "TAX EXEMPT INCOME FROM SOURCES OUTSIDE MALAYSIA RECEIVED IN MALAYSIA"

Just the 3 sections for income declaration.

prophetjul
post Apr 14 2025, 11:16 AM

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QUOTE(TOS2 @ Apr 14 2025, 11:06 AM)
Err you are filling for 2024 tax returns right?

Wife is "residential individual, does not carry on business" yea?

Your form should look like the one here, yes? https://www.hasil.gov.my/en/forms/download-...form-individual
*
the forms are different


Why are they different?

Maybe because my wife ahs no employment income for many years now?

This post has been edited by prophetjul: Apr 14 2025, 11:18 AM
prophetjul
post Apr 14 2025, 01:02 PM

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QUOTE(TOS2 @ Apr 14 2025, 12:23 PM)
Err I don't know about that. e-BE form should be universal for everyone, right? You fill up through the mytax portal? https://mytax.hasil.gov.my/
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Yes. Through the portal.
Strange.
prophetjul
post Apr 15 2025, 05:50 AM

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QUOTE(Hansel @ Apr 14 2025, 07:40 PM)
The taxation onto Foreign-Sourced Income has been pushed out to 2035. Do we have to start declaring from now ?
*
There is a section for declaration of

"TAX EXEMPT INCOME FROM SOURCES OUTSIDE MALAYSIA RECEIVED IN MALAYSIA"


prophetjul
post Apr 15 2025, 09:45 AM

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QUOTE(Hansel @ Apr 15 2025, 09:21 AM)
Good morning, bro,...

Thank you,... in your sentence above, I see the word 'TAX EXEMPT INCOME'.

What sort of income shld we input here ?

All of our dividend income received in an overseas acct ? Or our dividend income received in an overseas acct and then transferred back to Msia ?
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This one bro....
" received in an overseas acct and then transferred back to Msia".
You only need to declare it if you transfer the funds back to malaysia.
prophetjul
post Apr 15 2025, 06:12 PM

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QUOTE(Hansel @ Apr 15 2025, 06:06 PM)
What sort of EXEMPT income, bro ?
*
There are certain conditions to be met.

https://www.hasil.gov.my/media/fzofh1gz/202...t-june-2024.pdf
prophetjul
post Jun 6 2025, 06:00 PM

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QUOTE(Hansel @ Jun 6 2025, 04:39 PM)
Bro,... somehow,.... my instincts tell me,... the officer wouldn't want to spend too much time scrutinising all our documents to determine which are dividends (which are taxable) and which are capital gains (which are non-taxable). They will just tax across the board, all the 'equity-related' funds you declare as remitted back...

And secondly, if really they will scrutinise,... then lots of people would have lots of capital gains to show throughout the years of investing overseas. Furthermore, how are they going to track if we show the same capital gains TWICE ? Are they going to match back our earlier capital gains have have ALREADY BEEN SHOWN ?

What do you guys think ?
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It's very messy. That's what I think.
Who keeps records of 10 year trading movements?
prophetjul
post Jun 6 2025, 06:51 PM

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QUOTE(Hansel @ Jun 6 2025, 06:27 PM)
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,....
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For LHDN, it's easy.
As usual, the tax payor has to prove that these monies are not subjected to Malaysian tax.
The onus of proof is on the tax payor.
prophetjul
post Jun 13 2025, 10:24 AM

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QUOTE(Hansel @ Jun 13 2025, 10:11 AM)
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,...
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The sponsors and managers make more money screwing shareholders from REits. laugh.gif
prophetjul
post Jun 14 2025, 04:35 PM

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QUOTE(Hansel @ Jun 14 2025, 12:28 PM)
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,....
*
There are so many noble managers and sponsors. Those which are are no worth investing in, as the risk reward is not of value.
Might as well just buy DBS for now.
prophetjul
post Jul 21 2025, 09:30 AM

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AND DBS hits ALL TIME HIGH AGAIN AND AGAIN

$47.74 AT TIME OF WRITING..... rclxm9.gif rclxm9.gif rclxm9.gif rclxm9.gif rclxm9.gif rclxm9.gif

This post has been edited by prophetjul: Jul 21 2025, 09:31 AM
prophetjul
post Jul 21 2025, 09:44 AM

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QUOTE(prophetjul @ Jul 21 2025, 09:30 AM)
AND DBS hits ALL TIME HIGH AGAIN AND AGAIN

$47.74 AT TIME OF WRITING.....  rclxm9.gif  rclxm9.gif  rclxm9.gif  rclxm9.gif  rclxm9.gif  rclxm9.gif
*
https://www.straitstimes.com/paid-press-rel...omoney-20250718

DBS conferred three global awards, including the most prestigious 'World's Best Bank' accolade, by Euromoney
Published Jul 18, 2025, 08:00 PM

DBS conferred three global awards, including the most prestigious 'World's Best Bank' accolade, by Euromoney

Also recognised as 'World's Best Bank for Customer Experience' and 'World's Best Bank for Corporate Responsibility'

SINGAPORE, July 18, 2025 /PRNewswire/ -- DBS scored a hat-trick win at the Euromoney Awards for Excellence 2025. This included receiving the "World's Best Bank" accolade, marking the third time that the bank has clinched Euromoney's top accolade since 2019. The recognition is a testament to DBS' solid financial performance, unwavering commitment to customer excellence, relentless focus on innovation and strong sense of purpose. DBS was also named the inaugural winner in the "World's Best Bank for Customer Experience" category and "World's Best Bank for Corporate Responsibility" for the second time.


"At a time of economic uncertainty and rapid technological change, DBS stands out for its future-forward approach, focus on trust and reliability, and proven ability to realise value from technology investments," said Dominic O'Neill, Head of Banking, Euromoney, in its award citation.

"The bank's agile-at-scale transformation has shown fruits in revenues and customer satisfaction, and low staff turnover rates are a result of investing in its employees throughout their careers, and of an underlying sense of purpose, including to social and environment causes. DBS has also demonstrated how banks can steer their organisations towards excellence in customer service. All this has had an impact on its financial results and shareholder returns, which have both reached record levels."

In 2024, DBS' total income of SGD 22.3 billion and net profit of SGD 11.4 billion were both at new highs. Return on equity of 18.0% was one of the highest among developed market banks. The bank was also the first Singapore-listed company to cross USD 100 billion in market capitalisation.

On the customer front, DBS has continued to innovate to make banking simpler, more effortless and highly personalised. In 2024, this included engaging more than 13 million customers across the region through 1.2 billion AI-powered personalised nudges to guide them towards better investment and financial decisions. Last year, the bank more than doubled economic outcomes from AI to SGD 750 million through over 370 use cases. It also continued to mature the way it manages through journeys, improving customer satisfaction, turnaround times and other customer outcomes in the process.

DBS' commitment to corporate responsibility cuts across the environmental, social and governance pillars. To help drive Asia's transition to a low-carbon economy, DBS has committed SGD 89 billion in sustainable financing commitments net of repayments. It has also pledged up to SGD 1 billion and over 1.5 million volunteer hours in the coming decade, starting 2024, to improve lives and livelihoods of the low-income and underprivileged in Asia.

Tan Su Shan, DBS CEO, said: "We are very honoured to be conferred three global awards, including the 'World's Best Bank' accolade, by Euromoney. Innovation and purpose are integral to the DBS culture, driven by our desire to make banking simpler and more effortless for customers, as well as to do real things for real people. To be recognised for our commitment to customers and society, who are at the heart of everything we do at DBS, is very gratifying. We will continue to be that trusted, purpose-driven and transformative partner that everyone can count on."

DBS received its first global Best Bank title in 2018, when New York-based Global Finance named it the Best Bank in the World. That same year, The Banker, a publication by the Financial Times, awarded DBS the title of Global Bank of the Year. In the years that followed, DBS continued to earn top honours, with Euromoney and Global Finance conferring their highest accolades in 2019 (Euromoney), 2020 (Global Finance), and 2021 (Euromoney). This latest World's Best Bank win marks the eighth time DBS has been recognised for its global leadership.
prophetjul
post Jul 24 2025, 01:15 PM

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LADIES AND GENTLEMEN,

DBS IS ON THE CUSP OF $49
rclxm9.gif rclxm9.gif rclxm9.gif rclxm9.gif rclxm9.gif rclxm9.gif
prophetjul
post Jul 24 2025, 03:27 PM

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QUOTE(frostfrench @ Jul 24 2025, 02:05 PM)
Last week, I thought $48 is too expensive, and nowwwwwwwww  bangwall.gif  bangwall.gif
*
I thought $30, 33 and $38 were expensive. But I bought any way. laugh.gif

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