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Foreign Sourced Income - Tax Free?

Asked in Offshore (General) for Singapore

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I have a company in the Isle of Man that I own the shares in personally. I get paid a dividend from this company.

If I where a resident of Singapore do I have to pay any tax on this foreign sourced income?
 
Isle of Man Tax Singapore
 
Posted by Lowtax user on May 30, 2012 at 23:30
 

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No from the best of my knowledge you don't have to pay tax on any external income sources. (I live in malaysia)
 
Posted by Lowtax User on Jun 12, 2012 at 04:26
 

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When living in Singapore you would be taxed on such income provided it is remitted to Singapore.

Personal income tax rates in Singapore are one of the lowest in the world. In order to determine the Singapore income tax liability of an individual, you need to first determine the tax residency and amount of chargeable income and then apply the progressive tax rate to it. Singapore follows a progressive tax rate starting at 0% and ending at 20% above S$320,000. There is no capital gain or inheritance tax. Individuals are taxed only on the income earned in Singapore. The income earned by individuals while working overseas is not subject to taxation barring few exceptions, including remittance to Singapore. Tax rules differ based on the tax residency of the individual. Tax filing due date for individuals is April 15 of each year. Income tax is assessed based on a preceding year basis.
 
Posted by Lowtax User on Oct 08, 2012 at 11:58
 

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