Okay, bro,.... let's see,... I'll try my best here,... but pls don't hold me accountable, okay ??

http://www.vicinity.com.au/media/721899/18...tice-dec-17.pdf

According to : Please note that the Fund Payment Amount is only used to determine the amount of withholding tax applicable to any direct or indirect investment in Vicinity Centres ultimately held by a nonresident of Australia.

The Fund Payment Amount here is : $0.09205718 per share, for 200 shares, your Fund Payment Amount is 200 x $0.09205718 = $18.41.

And according to : Vicinity Centres Trust declares that it is a Withholding MIT for the purposes of Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953 (Cth) in respect of the income year ended 30 June 2018.

The Withholding Amount is 23% of the Fund Payment Amount. Hence, in your case, 23% of the Fund Payment Amount is deducted as WHT by the ATO.


I notice when I invested in Australia, I always received Taxation Notice Letters from the registrar for CERTAIN COUNTERS. I referred to some tax accountants, he said 'it's like that',... I think he did not know too the matters pertaining to nonresident investors,... I/we just have to figure it out ourselves,....

Otherwise,.... bro : INVEST AS A RESIDENT.

Follow their rules,....

Thanks for the long explanation.From my understanding,if Malaysia and Australia had a double taxation agreement the WHT rate should be 0%,however this tells me otherwise
Anyway I have lived with ATO imposing a tax of AUD4 every year from my dividend lol.living in Malaysia but contributing towards Aussie economy lol

Speaking of which what is the Taxation Notice Letter that you received? Need to pay additional tax?

With double taxation treaties with malaysia, the withholding tax is 15%.

You hold 200 shares, so, the calculation should be :

200 x 0.081 = 16.20
Less 15% tax = 2.43
Net dividend receive = 13.77

You receive 14.20, so no complain. Maybe there is some special exemption as set out in the link provided by bro Hansel. I don't know what it means, and since you receive more, that's ok

You hold an Australian trading account right ? Do you register with VCX share registrar ? If yes, you can access online and get the Dividend statement (or some company call it Dividend advice, Dividend Notice). In Malaysia we called it Dividend Voucher (I think this is what bro hansel mean by "Taxation Notice Letter"). In the Dividend statement, they will separate out the details of your shareholdings and the franked/unfranked part and the payment amount, just like our dividend vouchers

There are many share registry in Australia. LIke linkmarketservices, computershare, advanceshare, securitytransfer etc. Different company use different registry. I don't know which registrar VCX uses maybe you can email VCX to ask how to register

Haha thanks for more explanation lol
Yes I hold Aussie trading a/c and yes I did receive the distribution statement which shows how much is the dividend(franked,unfranked and any deduction of tax)
Yes all my shares are under Link Market Services.
Wish someday for DRP in Malaysia will be as easy as in Australia,all done online

Reading back your original post, just realise you are making a comment, not asking question. Haha lol

Yeah,... bro,... I used to think it was as per the above calculation too,... BUT frankly,.. after having turned over everything,... it's not. IT's not so straightforward,.. I went to their tax accountants, hehe,.. that fella was not helpful,...

So, I had to figure it out myself,...

As a comparison,... Canada is more straightforward,... got treaty, 15%, no treaty, 30%,... they give to you straight out,... The CRA is more,.. err, sure of what they are doing. The ATO,... hmm,...

Yes, 15% as according to the tax treaty, not 0%, bro Ryan,... but,.. hmm, how to follow ?

And yes, the last few statements by Bro Showtime are very accurate - so many different tax registrars for so many different PLCs there,... to find out which share registrar they are attached to, chk from their website. If still can't find, let me know,... I'll see if I can do something,...

Actually, I wanted to raise all these issues with the ATO too,... but if I can claim back everything,.. no need to do so much work-lar,... Unlike with the MAS in Singapore, I would really like to contribute to that country ! Just an individual thing here,...

The Taxation Letter Notice that I mentioned is for certain individual companies (not all) that I invest into, not a general overall taxation notice from the ATO. We are expected to be able to calculate our taxed amount, register for online accesses, and then do our submissions, claims and payments accordingly. Everything done online,... We must do our best to follow their rules and do our tax planning accordingly,... then we claim back what is truely ours.

I must say I'm still in the learning phase, but I'm moving forward,... maybe one day can become tax consultant catering specially to foreign non-residents, hehe,... their dpu is VERY GOOD !!! Currency also good,....

Haha bro, cincai a bit lah. Since it's more than the usual calculation, close both eye loh.....Some Mreits also give more (ie less WHT), I also don't understand why, but give more so I keep quiet only...haha

If significantly less than usual calculation, then only look into it. I rather spend my time do research to find good company

Oh....you are a tax resident there already ? If not, then cannot claim anything lah....If you want to raise any issue, then suggest 1-tier dividend to ATO better...

https://investorcentre.linkmarketservices.com.au/Login/Login

Can try use this to conso all your shares which Is under same registrar

Yeah-lar,... if give more just keep quiet-lar,.. do other things better,...

I think not so easy for them to do 1-tier, because they have so many different components that make up their tax liabilities. I saw in the company taxation notice, there are things like foreign income component, Australian income component, capital component, bla, bla, bla,.... different percentages are applied onto the different components, depending on their tax acts,... hmm,....

Bro,... if you got any tax uncertainties, post it here,.. we'll analyse together,...

For the standard companies which talk abt franked and unfranked dividend, I think it's pretty straight-forward by now. Non-residents can't get the franked portion, residents get something depending on their circumstances,.. AND,.. this in itself may change soon under the Opposition party,... if this party wins the next general election,...

I hoped the Turnbull gov't continues to stay in Canberra,...

Do you hold any REITs ??

Yeah VCX is considered A-REIT
My tax is pretty straight forward haha but would be interesting to analyse other cases

From my experience if your effective tax rate is below 30%,for sure you will get something back from the franked portion

This post has been edited by ryan18: Apr 30 2018, 07:58 PM

Ahh,... yes, I thought so too,... VCX is an A-REIT,.... hence the calculation being as such and there is no franking ! Yes, when other counters come along, let's analyse together,...

Yeah, I think the breakeven is 30%, you are right,... anything below 30%, you will get tax credits from the frankings, which will lower your taxation amount. But some changes may be coming along soon IF Mr Bill Shorten becomes the Prime Minister of Australia,....

Hence, I/we must now start to lobby with Canberra over what's fair and what's right,... just like what I've done with Singapore,.....

Sure thing tax is good to analyse.If you are a resident,franking credit is a part of taxable income and at the end if your assesable income is 0,you will be refunded the franking credit
Haha no tax deduction for SG so far for my reit

Bro Hansel,

do you know why BOQ went down till 10.08 ? could be the ex-date I guess like u highlighted to me in previous discussion.

I m thinking to top up to average down my price. What do you think ?

Same goes for MYS. 4.65 I think can start top up abit alrdy.

This post has been edited by prince_mk: May 1 2018, 08:38 AM

MORTGAGE CHOICE LIMITED Dividend Yield : 10.28% Category : Bank

any takers ?

Bro,... looks like all your counters are SAME AS MINE !!! Hehehe,... really same, same,....

Okay,... the reason for the drops in BOQ and MYS this time round is because of negative sentiment. A Royal Commission (RC) has been set up in Aus at the beginning of this year to investigate misconduct among the Australian BIG 4 BANKS. Mind you, bro,... the regional banks like BOQ and MYS are not being investigated,.......yet,... but things could change anytime,...

When news came out two weeks ago that WBC had a lot of 'liar loans', the regional banks started dropping,... haha,... I never knew my BOQ can plunge so low. SO,.. it's an infection here,...

There's a lot of news running around now among the investing fraternity in Australia on this RC thing, and the effect it's causing to the banks. THe final report due out from the RC is on February 1st., 2019,... foll this, may have court cases too,....SO,... I think can buy-in real slowly,.... really slowly,... don't buy yet,... may drop further if another news emerges.

The Australian Budget Ann't is this month, I have not checked on the date yet,... but I think it's this month,.. I remembered hearing Scott Morrison speaking at this time last year.... we can get more signals from Mr Morrison when he speaks again,...

To me, this RC thing presents a buying opportunity. The only snag is how to catch the bottom, or near-bottom,...and more importantly : WHICH BANKS TO CATCH. Among the Big 4, WBC and CBA has been hit. ANZ got hit last year,... only one still not hit yet is NAB !

Latest news : https://smallcaps.com.au/banking-royal-comm...on-court-cases/

EDited to comment on MOC : Okay, MOC is a mortgage company, and is now in the heats among the investigators because a lot of loans sold by them were alleged to be unethical,... long story here,...So,... they also 'kena' now,... I kept probing around trying to find out if such a company can be abolished by the banking authorities,... but no one dared to comment,.... the ones who are shareholders even 'scolded' me for thinking-up of such a thing,... but we have to face facts,...

Bro,... frankly, after having invested in The ASX for almost two years, I am beginning to create the idea that the ASX is very volatile,... lots of problems and disruptions here and there,... 'banyak problem one',....

NO such thing like,... buy First REIT or Parkway Life REIT - then just sit back, wait for good news and enjoy dpu growth for the last 14 years,... The ASX has lots and lots of interruptions from here and there,....

Or maybe I bought the wrong counters-lar,.... very hard investing there,... need to be on our toes all the time, and on top of news all the time,....

This post has been edited by Hansel: May 1 2018, 11:36 AM

Hehe,... you guys think only we in Msia 'tipu' to get loans ? Or pakat with the loan officer to get bigger loans ???

Hehe,... you should read the investigation papers by the RC and the other committees. And they have a few committees set up to oversee this and that,... haha,... so many different bodies,...

Really 'pening',....

Or maybe I'm too used to MAS and SGX RegCo, only two bodies that I need to cooperate with,....maybe my own fault too,....

And their taxation,....hehe,....

Hi bro,

then if i planned to keep for long term, I guess I can buy and keep some of BOQ. In long term run, it will go up like the high time.

I have faith in BOQ. How about u ?

Don't know-lar bro,... recently,.. lots of news said that the golden era of Aussie banks is over, and this morning, CEO of ANZ Bank, Shayne Elliot said moving fwd, the banking environment will be very difficult,...

What I know is I won't buy yet,.... I'll just stick with what I have to continue earning the dividends and more importantly : EXPERIENCING THIS INVESTMENT. And I'm not selling too,... just remain status quo only,... go do something else first,....