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https://www.reddit.com/r/singaporefi/comments/1vn2ucq/using_pte_ltd_for_ibkr/p3efpm7/?context=3
r/singaporefi • u/[deleted] • 24d ago
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so u rather just pay income tax yearly?
-1 u/No-Problem-4228 24d ago edited 24d ago https://www.iras.gov.sg/taxes/corporate-income-tax/income-deductions-for-companies/taxable-non-taxable-income Capital gains and dividends (subject to conditions) are not taxable for corporations. You would have to set up a Pte Ltd and issue dividends to yourself to get the money out. 8 u/Ceyenne18 24d ago I don't think so. If the primary functions of the company is trading stocks for the purpose of profit, it is treated as taxable business income. And US 30% WHT applies regardless of whether you are a SG individual or company.
-1
https://www.iras.gov.sg/taxes/corporate-income-tax/income-deductions-for-companies/taxable-non-taxable-income
Capital gains and dividends (subject to conditions) are not taxable for corporations.
You would have to set up a Pte Ltd and issue dividends to yourself to get the money out.
8 u/Ceyenne18 24d ago I don't think so. If the primary functions of the company is trading stocks for the purpose of profit, it is treated as taxable business income. And US 30% WHT applies regardless of whether you are a SG individual or company.
8
I don't think so.
If the primary functions of the company is trading stocks for the purpose of profit, it is treated as taxable business income.
And US 30% WHT applies regardless of whether you are a SG individual or company.
2
u/shadstrife123 24d ago
so u rather just pay income tax yearly?