Is Dividend Taxable for overseas investors?
May I know for overseas investors,are we taxable in both US and SG for dividends earned?
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Just a fundamentalist in SG,hope to LEARN from all Guru traders
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Moomoo Lily : Hi, @Moomoo Buddy Please assist. Thanks!
Moomoo Buddy : Dear client, thank you for your waiting. Moomoo SG does not charge any processing fees for dividend distribution. However, any third-party/exchange charges will still be passed on to client. Kindly refer to the latest announcement of the company.
Please note that dividends may also be subject to tax. Tax rates will vary according to each respective country's tax rate.
Withholding Tax may be applicable and will be withheld at source.
For example, the withholding tax for US dividends is usually 30%, usually for SG market it's 0.
Note: Details of Withholding Tax rates are subject to local regulations.
After the dividend payment is credited, you can check [Funds Details] or [Statement]. Thank you for your support!