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Withholding tax for Malaysia Banks distribution

Q&A › Category: Dividend Stocks › Withholding tax for Malaysia Banks distribution
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andy lum asked 4 weeks ago
Hi, Would like to check whether there is any dividend withholding tax for Malaysia banks for SIngaporeans?  Thanks
1 Answers
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Rusmin Ang Staff answered 4 weeks ago

Hi Andy,

Malaysia REIT has 10% withholding tax but I doubt Malaysia bank carries any withholding tax.

If you're Singaporean investor, I think better to stick to SG banks. No need to worry on currency depreciation.