Step 4 - What is Non Taxable

Hi everyone,

Here are some references for Non Taxable Dividends if you are getting stuck.

Non-Taxable Dividends

Generally, the following dividends are not taxable:

  1. Dividends paid on or after 1 Jan 2008 by a Singapore resident company under the one-tier corporate tax system except co-operatives; (Singapore practices a single tier corporate income tax system Tax paid by a company on its income is the final tax and all dividends are exempt in the hands of shareholders from further taxation)
  2. Foreign dividends received in Singapore on or after 1 Jan 2004 by resident individuals. If an individual resident in Singapore receives foreign-sourced dividends through a partnership in Singapore, these dividends may be exempt from Singapore tax if certain conditions are met. For details, please refer to Tax Exemption for Foreign-Sourced Income;
  3. Income distribution from Real Estate Investment Trusts (REITs), except distributions derived by individuals through a partnership in Singapore, or from the carrying on of a trade, business or profession in REITs.

Information taken from: https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/What-is-Taxable-What-is-Not/Dividends/

Have more questions regarding dividends? Feel free to ask below!