Feb 2 2016, 08:40 PM
QUOTE(BlackPen @ Dec 9 2015, 03:59 PM)
One more question here.
If the company profits already taxed and paid dividend to shareholder. The dividend need to pay 1 more time to personal income taX?
For example, profits after taxed is RM50k and there is 3 shareholder, each shareholder entitle to get RM10k dividend. Transfer the RM10k to my personal account. Question is RM10k is taxable for individual?
Tax thingy make me headache
I'm new to this 
Thank you.
The dividends that your company paid to the respective shareholders are now single-tier dividends which are not taxable in the hands of the shareholders. Therefore, in your example, the RM10k dividend entitlement to each shareholders will not be taxable at their personal income tax level. As informed by other bros in the previous posts, those dividends already being taxed at company's level (i.e. reduced your retained earnings).If the company profits already taxed and paid dividend to shareholder. The dividend need to pay 1 more time to personal income taX?
For example, profits after taxed is RM50k and there is 3 shareholder, each shareholder entitle to get RM10k dividend. Transfer the RM10k to my personal account. Question is RM10k is taxable for individual?
Tax thingy make me headache
I'm new to this Thank you.
Hope the above helps.
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