Tongs
2021-06-14

$Torchlight Energy Resources(TRCH)$ for ppl in sg, will we be taxed on dividends for trch? 

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Comments

  • Buythedip
    2021-06-14
    Buythedip
    From what i understand they are giving us a preferred share, Which can be sold to get cash. Hence i think its just cash dividend and we dont Go through standard cash dividend that is taxable?
    • Tongs: 
      I read this too.. But not too sure about the terms cause there's the preferred shares/ dividends. Just hoping it's not taxable
  • Bunny9
    2021-06-14
    Bunny9
    anyone knows when they’ll actually start giving the dividend?
    • Tongs: 
      Dividend date not out yet. Seems like we need to hold through 25th June to qualify for the preferred shares/ dividend
  • moolahmoolah
    2021-06-14
    moolahmoolah
    I think usually dividends from US stocks will be subjected to tax
    • Tongs: 
      In this case, it'll be slightly different though. The dividends will be from a merger
  • realmia
    2021-06-14
    realmia
    nope, government cant impose tax on investment
    • Tongs: 
      Hmm there's tax for dividends from US stocks though
  • Tongs
    2021-06-15
    Tongs
    https://twitter.com/TRCHEnergy/status/1404541395956817920?s=20

    Just sharing!

    I think we'll still be taxed as the dividends will be distributed through preferred shares

  • Prawnie
    2021-06-15
    Prawnie
    DividenD for non usa resident is 30% by USA Govt. Means we Sgrean will only get 70% of the dividend. For share That u sold at profit wont be tax. Hope this explain.
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