Profits made from a company in Singapore is distributed to its shareholders, which is called dividend. Dividends are accrued in the year which they will be declared payable. Each shareholder receives dividends based on their share, and these dividends may be paid out to the shareholders either in cash or kind. From 1 January 2008 onwards, Singapore has a one-tiger tax system so shareholders are exempted from tax on dividends which are paid by a Singapore resident company. Here’s all the information you need to know about non-taxable and taxable dividends in Singapore.
In general, dividends in Singapore which are not subjected to income tax listed belows:
The following dividends are considered taxble in Singapore as follows:
Keep in touch to receive the latest listing, news updates and special offers delivered directly to your inbox.
Important Deadline for Employers: Submit Employee Income Data by March 1st to Avoid Penalties
ACRA Revokes Registration of Filing Agent and Qualified Individual Due to AML/CFT Violations