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one tier tax per share what is mean ?
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bluehorntail
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09-May-2013 11:48
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+1 for the info :D | ||||||||||
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yanggoat
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10-Nov-2008 19:26
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got that thank for the precious information you guy have share.... cheer ... | ||||||||||
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SupremeA
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09-Nov-2008 22:28
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yes and if u r impatient, you can check it in the sgx site by clicking its name and going to "outstanding bonuses, dividends" | ||||||||||
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OneSharer
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09-Nov-2008 22:12
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Dividends are reflected in your monthly CDP statement. |
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yanggoat
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09-Nov-2008 22:02
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thanks SuperA learn lot from this topic about dividend. but do we get a report for the dividend that we get from the company ? | ||||||||||
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SupremeA
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08-Nov-2008 10:24
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Nope that's capital gains. Not taxable in Singapore for personal tax. | ||||||||||
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yanggoat
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08-Nov-2008 08:27
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thank for the information got that that mean i can don't declared for my dividend i got from the share right. how about those profit that got from selling of share. is it a must to declared?
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SupremeA
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08-Nov-2008 01:00
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they can add it to my taxable income any time. I have too little for them to tax lol. Hmm should i actually be happy abt tt? :( | ||||||||||
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elfinchilde
Elite |
08-Nov-2008 00:34
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div is paid directly to your account (bank or margin acct if you're on it). You get the div on the 'date payable', assuming you held the stock from CD to XD status. If you sell your stock CD, you do not get dividends; similarly if you buy XD, you don't get div for that period too. our ever-efficient govt deducts it straightaway, so whatever is credited into your acct is sub 18% already. So do NOT declare it on your income tax, or you pay double. (-_-")...Capital gains are not taxable here. Companies usually don't pay the 18% for you. (they can do so due to the loophole that they are allowed to declare tax exempt divvies if they declared dividends from PAT--ie, profit after tax. So the easy way out for companies is to declare the dividend before tax, so that you fork out the 18%.)
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SupremeA
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07-Nov-2008 22:31
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Yes, at least that is my understanding. If you move a bit further back, to the financial statements, you will see that that tax actually occurred higher up the chain. Lets say you have a stock paying 100% of profits as dividends and has $1 profits before tax per share. The following will happen on a per share basis Profit Before Tax = $1 Corporate Tax = $0.18 Profit After Tax = $0.82 Dividends = $0.82 So if they taxed this dividends, there will be double taxation. once in the form of corporate tax and another time as personal tax. Of course, this is bad for most tax payers, as few of us pay 18% personal tax and would rather have the income taxed at a personal tax level, which is what happened in the computation system. |
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yanggoat
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07-Nov-2008 22:18
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ok i got that Supremea, that mean the company is being tax first beore the dividend is being payout the shareholder right. hmm let say for example this time singpost is paying 1.25ct per share. that 1.25 is already being taxed right. that mean if ppl got one lot which is 1000 share. so is it 1000*1.25/100=12.5dollar is it this way ? | ||||||||||
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SupremeA
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07-Nov-2008 22:05
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now all dividends are not taxable as individual income.they have already been taxed at the company's side.
dividends come from profits of the company, which are already taxed at 18%
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SupremeA
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07-Nov-2008 22:03
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Haha letting you pay tax makes sense.Corporate tax is 18% while individual tax is often less than that, depending on which tax bracket you are in.
I tihnk the old one was computation system right? Company pays 18% tax, you can claim back tax that is in excess of your own tax rate from IRAS.
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des_khor
Supreme |
07-Nov-2008 21:48
Yells: "Tell me who is the God or MFT from this forum??" |
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Singapore, 2 June 2008 – Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) today announced that it will be issuing up to S$1 billion, or 10 million nonconvertible, non-cumulative Class B Preference Shares (“Preference Shares”) at S$100 per share. The Preference Shares carry a fixed dividend rate (tax exempt) of 5.1% per annum, payable semi-annually in June and December each year. Both
I'm understand that the payout should tax exempt and now why declare with one-tier tax ?? |
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yanggoat
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07-Nov-2008 20:45
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? | ||||||||||
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yanggoat
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07-Nov-2008 12:15
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elfinchilde thank you so much so is it that the dividend is paid directly into our bank account of is it when very sell the stock. and Iras directly deduct from the profit that we make? cos kinda of confusing. |
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elfinchilde
Elite |
06-Nov-2008 23:08
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edit: forgot to add: in the past it was different: some dividends could be taxed more or less, depending on where it was placed in the company's profits. there was 1st tier, 2nd tier, etc. you also had franked dividends etc. those don't matter anymore though; just take off 18% off whatever's quoted as long as you see 'one tier tax'. special dividends tend to be tax exempt tho. so sometimes you'll see two dividend statements at one time--something like: special dividend SGD 0.03 tax exempt; dividend SGD 0.035 one tier tax. => you take the 1st one whole, and take 18% off the 2nd, add the two together and presto, your dividend yield. 
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elfinchilde
Elite |
06-Nov-2008 23:04
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hullo, a goat! 
lol. seriously: one tier tax: s'pore from 2002 adopted the one tier tax system for businesses. you can read more in detail from the MOF here if you wish. http://www.mof.gov.sg/taxation/one-tier.html but where it concerns investors: if a company pays out dividends from PAT, it means it's tax exempt. the standard notation is "exempt one tier tax." the alternative is "one tier tax"--ie, take 18% off whatever was declared as dividend. So eg: if the dividend announcement is "SGD 0.03 one tier tax' => you get $30 - 18% = S$24.60 per lot. "SGD 0.03 exempt tax" or "SGX 0.03 exempt one tier tax" => S$30 per lot. of course, if you scroll through the sgx listings, you'll realise most companies prefer to let the investor pay the tax, rather than pay it for you. 
hope this helps, cheers! |
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yanggoat
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06-Nov-2008 22:45
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can anyone explain about the dividend payout ysytem adopted in singapore kinda of interesting but abit confuse
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