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Companies with S44 Credits Post Reply Rate topic
rickytan Veteran	31-Dec-2006 14:38        rickytan About Contact  Quote this Post!
x 0   x 0  Alert Admin	I read from the papers that Isetan also have but they do not intend to pay out to shareholders. Some shareholders want to fight it out....
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victorian Member	31-Dec-2006 14:11        victorian About Contact  Quote this Post!
x 0   x 0  Alert Admin	SMB United has $8.5m or about 2 cents worth. How much does comfortdelgro have left?
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crazy_money Member	31-Dec-2006 14:02        crazy_money About Contact  Quote this Post!
x 0   x 0  Alert Admin	I know comfortdelgro has s44, anybody knows what other company has this also?
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giantlow Master	31-Dec-2006 13:13        giantlow About Contact  Quote this Post!
x 1   x 0  Alert Admin	Resident companies with unutilised Section 44 balances (as at 31st December 2002) may remain on the imputation system for the purpose of paying franked dividends during a 5-year transitional period (1st January 2003 to 31st December 2007). From 1st January 2008, All companies in Singapore remaining on the imputation system would move to the one-tier system. Imputation system will cease to exist; Under the one-tier corporate tax system, income tax payable on the normal chargeable income of a company is a final tax in Singapore. This means that shareholders will not be taxed on such dividend income.  Only companies on the one-tier corporate tax system can issue one-tier exempt dividends. . This means that shareholders will not be taxed on such dividend income.  Only companies on the one-tier corporate tax system can issue one-tier exempt dividends.
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giantlow Master	31-Dec-2006 13:10        giantlow About Contact  Quote this Post!
x 1   x 0  Alert Admin	Any tax payable on the company?s normal chargeable income (known as ?tax assessed?) would be credited to the company?s Section 44 account. Tax assessed on a resident company is passed on to its shareholders as a tax credit to the shareholders on payment of dividends. This is known as the Section 44 Account mechanism. Shareholders are taxed on gross dividend and tax credits are given.
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giantlow Master	31-Dec-2006 13:06        giantlow About Contact  Quote this Post!
x 1   x 0  Alert Admin	The purpose of this thread is for users to contribute ideas companies with S44 balances and have the potential to pay out large dividends in 2007. I hope the ShareJunction forumers will contribute generously to this thread so that 2007 will be a prosperous year for all.
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