Taxes for non-residents

Post new topic

GuestPoster697Guest27 November 2019 13:25:11

214245

Hello

For someone who is not resident in Singapore, are there any taxes in Singapore if you have money in a bank in Singapore and some of the money has been invested on the Singapore Stock Exchange (wealth tax, taxes on dividend gains or stock gains)?
If so, are the taxes settled by the bank or do you have to report yourself to the tax authorities?

I live in Vietnam and as far as I know Vietnam and Singapore have a double tax agreement.

Thank you in advance.

beppi Germany - Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany - Singapore Expert27 November 2019 14:29:47

15377

Capital gains, which includes investment proceeds, are not taxed in Singapore.
Since tax liability usually lies with the country you reside in, you may have to tax income from Singapore investments in your country instead.

GuestPoster697 Guest

GuestPoster697Guest27 November 2019 14:50:36

214245

beppi wrote:
Capital gains, which includes investment proceeds, are not taxed in Singapore.
Since tax liability usually lies with the country you reside in, you may have to tax income from Singapore investments in your country instead.

Thank you.

Articles to help you in your expat project in Singapore

Banking in Singapore
Singapore offers a wide range of personal banking services and has a complete offering of international banking ...
Guide to open a global offshore banking account in Singapore
PricewaterhouseCoopers revealed in July 2013 that in its Global Private Banking and Wealth Management Survey that ...
Driving in Singapore
Singapore has an efficient public transportation system coupled with excellent taxi services, with phone apps ...
Dating in Singapore
Moving to Singapore聽has been fun since you've been exploring a new country and culture. However, if you ...
Internships in Singapore
Singapore is home to many universities of international repute, as well as companies from a diverse range of ...
Marriage in Singapore
Singapore allows both foreigners or a foreigner and a local national to marry in the country. The procedures and ...
Using phones in Singapore
As in many developed countries, mobile phones have taken over the landline network in Singapore. Whether ...
Finding a job in Singapore
Singapore has a well-developed job market with numerous outlets providing information on employment opportunities, ...