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declaration of gains in income tax assessment
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terencefok
Master |
20-Mar-2008 20:47
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Gains from sale of shares are treated as capital gains, i.e gains from your capital vs. dividends, which are surplus profits from the Company's business and therefore are not subject to tax under the Singapore income tax laws. Hope this helps. |
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troddy
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20-Mar-2008 18:44
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hi everyone, can anyone advise me whether we need to declare gains from shares in income tax assessment ? i can only find from the iras website that we do not have to declare singapore dividends as they will be automatically include in the assessment, Thanks a lot. cheers, troddy |
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