Just wanna ask about this share dividend thing

Its not taxable right?

But do I have to declare them when I submit my income tax?

Just received my dividend by cheque

The statement or voucher got one small print asking us to keep the voucher for submission to tax authorities.

Dividends are tax free right?
No need to declare them also right?

So far for the past few years, I did not declare those dividends at all

if it pushes you to the next tax bracket then exclude them

No need declare. Already tax. Keep in case income tax people come knocking on your door.

Thanks guys for the info.

So I guess no need to declare those share dividend as income in my BE tax form.

But yeah I do keep those dividend slip.

dividend already taxed before distributed to you.
actually if want to declare also don't know to fill in where in the tax form, anyone know?

what logic is this? means you're avoiding tax and it is punishable.

The dividends you receive are tax FREE.

Income cannot be taxed twice. Your dividend is paid from a company's profits which has already been taxed at a company level. Ie. corporate tax.

You keep your dividend vouchers in case IRB asks you where you got your money to buy that Ferrari.

This post has been edited by Dividend Magic: Apr 21 2017, 08:59 PM

Thanks guys for the easy to understand info

Does this mean that if you own your own company, you can just give yourself dividend and no need to pay income tax?

Yes. But company also got corperate tax.

Dividend come from profit made aka company retained profit or profit after tax, which is already taxed in the first place.

That's why single tier dividend is tax exempted.

Not simply give lah. Must fulfill 2 conditions :

1. Must be out of retained earnings, i.e. Company must have made profit and paid taxes
2. Since 31/1/2017, directors have to make sure company is solvent

How about share earnings? It is taxable?

Capital gain is not taxable.

But be careful, if u earn a living from share trading the IRB may consider capital gain as "income" and want to tax u.

This post has been edited by Cubalagi: May 6 2017, 01:37 AM

I have a question on dividend and tax. Based on the info I've read, I understood that the dividend we received will no longer be taxed, because it is already being taxed at the company level, does this mean that the company will actually deduct the tax from our dividend before sending it to us? Take AirAsia for example, if they have declared a special dividend of 40 cents, does this mean that the actual dividend we received will not be exactly 40 cents but is 40 cents minus the corporate tax?

The 40 cents is net you will be getting.

The tax already paid by company in the first place before concluding the dividend.

Thanks for your clarification! That's good to know