Malaysia Shares

[Wildreamz]

Custody Fees, whether charged or not, depends on your brokerage. In your case, SCB's selling point is 'Zero Custody Fee'. But, I also noticed that Malaysian shares are not in their list of Stock Markets covered by their platform...

I used UOBKH previously when I was vested in Malaysian shares and I can confirm there were lots of charges.... even for dividends handling....

Right. Dang..

[CityFarmer]

Capital gain and dividend are not taxable in Malaysia IIRC. Dividend payout is already after corporate tax. The corporate tax rate in Malaysia is 25% typically, after 2009.

I own various Malaysia stocks and most dividends are taxed 25%. Exceptions are REITs taxed 10% and foreign stocks which are tax free I think.
Another problem is that Malaysia gov doesn't let foreigners to open a bank account to receive dividends, so you have to get those by mail and clear them paying foreign remittences fees (10$ each cheque here in Thailand, plus forex exchange commissions of course )

In general, dividend income, other than exempt dividends, was taxable prior to Jan 2008. After that, dividend distribution are base on single tier system.

So not sure the reason for tax paid by Gaudente on M'sia dividend now?

[investingsgx]

Capital gain and dividend are not taxable in Malaysia IIRC. Dividend payout is already after corporate tax. The corporate tax rate in Malaysia is 25% typically, after 2009.

I own various Malaysia stocks and most dividends are taxed 25%. Exceptions are REITs taxed 10% and foreign stocks which are tax free I think.
Another problem is that Malaysia gov doesn't let foreigners to open a bank account to receive dividends, so you have to get those by mail and clear them paying foreign remittences fees (10$ each cheque here in Thailand, plus forex exchange commissions of course )

In general, dividend income, other than exempt dividends, was taxable prior to Jan 2008. After that, dividend distribution are base on single tier system.

So not sure the reason for tax paid by Gaudente on M'sia dividend now?

just received my SP Setia shares. 25% tax on dividend

[CityFarmer]

Capital gain and dividend are not taxable in Malaysia IIRC. Dividend payout is already after corporate tax. The corporate tax rate in Malaysia is 25% typically, after 2009.

I own various Malaysia stocks and most dividends are taxed 25%. Exceptions are REITs taxed 10% and foreign stocks which are tax free I think.
Another problem is that Malaysia gov doesn't let foreigners to open a bank account to receive dividends, so you have to get those by mail and clear them paying foreign remittences fees (10$ each cheque here in Thailand, plus forex exchange commissions of course )

In general, dividend income, other than exempt dividends, was taxable prior to Jan 2008. After that, dividend distribution are base on single tier system.

So not sure the reason for tax paid by Gaudente on M'sia dividend now?

just received my SP Setia shares. 25% tax on dividend

Hmm... check it out on Bursa. It seems not all companies follow single tier system on dividend payout.