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tax enquiry on trades and dividends.

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  1. #1

    Join Date
    Nov 2015
    Posts
    96

    tax enquiry on trades and dividends.

    If l hold stock in a US company with IB HK and receive dividends is it taxed in HKG? how much tax, in %, are dividends l receive from holding US stocks?they are not taxed again in HKG right?
    if taxed again, perhaps l could use my Singapore address?
    '
    The taxation of dividends obtained from abroadNatural persons and companies obtaining dividends from foreign-sourced incomes must be declared in Singapore and they will be taxed here. However, when the taxes for the respective dividends were paid in the country they were obtained in, no additional taxes will be imposed in Singapore on the principle of the avoidance of double taxation. For this purpose, an agreement must be in place.' https://singapore-accounting.com/a-g...%20place.'

  2. #2

    Join Date
    May 2011
    Location
    Sai Kung
    Posts
    5,412

    Unless tax rules have changed between US and HK 30 per cent will be deducted at source and you can’t use that to offset/reclaim etc

    Beef likes this.

  3. #3

    Join Date
    Mar 2010
    Posts
    7,360

    Where are you tax resident?

    If you hold US stocks you “ must “ submit a W8-BEN form. On it you can claim a reduced
    dividend withholding tax due to a double tax treaty between USA and the country of your tax residency.

    There is no treaty in place between US and HK. Thus US withholds 30% tax ( for their tax coffers)

    HK does not tax dividend income.


  4. #4

    Join Date
    May 2011
    Location
    Sai Kung
    Posts
    5,412

    Good point but even a Sing resident is 30 percent withheld.

    aw451 and Beef like this.