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Companies with S44 Credits

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rickytan 31-Dec-2006 14:38
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I read from the papers that Isetan also have but they do not intend to pay out to shareholders. Some shareholders want to fight it out....

victorian 31-Dec-2006 14:11
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SMB United has $8.5m or about 2 cents worth.

How much does comfortdelgro have left?

crazy_money 31-Dec-2006 14:02
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I know comfortdelgro has s44, anybody knows what other company has this also?

giantlow 31-Dec-2006 13:13
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Resident companies with unutilised Section 44 balances (as at 31^st December 2002) may remain on the imputation system for the purpose of paying franked dividends during a 5-year transitional period (1^st January 2003 to 31^st December 2007).

From 1^st January 2008, All companies in Singapore remaining on the imputation system would move to the one-tier system. Imputation system will cease to exist;

Under the one-tier corporate tax system, income tax payable on the normal chargeable income of a company is a final tax in

Singapore

. This means that shareholders will not be taxed on such dividend income. Only companies on the one-tier corporate tax system can issue one-tier exempt dividends.

. This means that shareholders will not be taxed on such dividend income. Only companies on the one-tier corporate tax system can issue one-tier exempt dividends.

giantlow 31-Dec-2006 13:10
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Any tax payable on the company?s normal chargeable income (known as ?tax assessed?) would be credited to the company?s Section 44 account. Tax assessed on a resident company is passed on to its shareholders as a tax credit to the shareholders on payment of dividends. This is known as the Section 44 Account mechanism.

Shareholders are taxed on gross dividend and tax credits are given.

giantlow 31-Dec-2006 13:06
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The purpose of this thread is for users to contribute ideas companies with S44 balances and have the potential to pay out large dividends in 2007. I hope the ShareJunction forumers will contribute generously to this thread so that 2007 will be a prosperous year for all.

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Companies with S44 Credits