14: The International Double Taxation – Economic

The International Double Taxation – Economic - PDF

106. The International Double Taxation – Economic

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1. Yesterday, George Tan enquired, "How will future dividends received from Singapore be taxed?"

2. To be honest, this is an interesting question that cannot be answered succinctly in a few lines. 3. The taxation of dividends has its origins in the classical tax system, which in effect taxed corporate profits twice: 👉 Once at the corporate level, and

👉 once at the shareholder level, following the distribution of the company's after-tax profits to shareholders in the form of dividends. 4. This is referred to as "economic double taxation" in terms of taxation (as opposed to the legal double taxation discussed earlier, see my previous article for more information). 5. Malaysia moved to a single-tier system in 2008, replacing the imputation system. 6. The taxes of resident companies is considered as Final Tax under the single-tier system. As a result, dividends received by shareholders are tax-free and do not need to be declared under the single-tier system. 7. Please be aware that, as proposed in Budget 2022, foreign-sourced income (FSI) received in Malaysia will be subject to taxation beginning January 1, 2022. 8. Dividends received in Malaysia from overseas sources are not exempt from taxes in this circumstance. This is due to the repeal of the tax exemption in paragraph 28 of Schedule 6 of the Income Tax Act of 1967. 9. When I get the time, I will slowly explain everything in detail. 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 昨天 George Tan 问：日后从新加坡收到的股息，税务上究竟怎样处理？ 2. 这确实是一个好问题，也非三言两语可以清楚地回答 3. 股息的征税起源于古典税收制度，实际上是对公司利润进行了两次征税: 👉 一次是在公司层面； 👉 另一次是在股东层面，即公司税后利润以股息的形式向股东分配之后 4. 在税收上，这就是所谓的“经济性双重征税”(有别于之前所讨论的法律性双重征税，可以看回我之前的文章，以了解更多)。 5. 马来西亚在2008年，把原有的估算系统 [imputation system] 以单层系统 [single-tier system] 取代。 6. 在单层系统 [single-tier system] 制度下，居民公司的税收被视为最终税 [Final Tax]。因此，在单层制度下，股东收到的股息是免税的，并不需要再报税。 7. 然而请注意，正如2022年预算案所提呈的，从2022年1月1日起在马来西亚收到源自国外的收入 [ foreign-sourced income, FSI] 将会被征税。 8. 在这种情况下，在马来西亚收入来自国外的股息，不排除需要征税。因为1967年所得税法令第6附表第28段的免征税条款，将被删除 9. 有机会，我将会慢慢深入讲解 #税法之道博大精深，#建议大家深度学习 🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸 #InternationalTax #国际税收系列 1. Issue No. 103/2021: Finance Bill 2021 Highlights – No more Exemption on Foreign Sourced Income remitted to Malaysia [2021年财政法案亮点 – 源自外国汇入马来西亚的收入，不再获得豁免] https://lnkd.in/eCS24pA3 2. What Is International Tax? [什么是国际税收] https://lnkd.in/eiuiC4f4 3. International Organizations involved In International Tax - OECD [涉及国际税收的国际组织 - 经合组织] https://lnkd.in/e_uDSM-S 4. International Organizations involved In International Tax - G 20 [涉及国际税收的国际组织 - G 20] https://lnkd.in/ehZnNjwh 5. International Organizations involved In International Tax - G20/OECD Inclusive Framework, World Bank Group & IMF [涉及国际税收的国际组织] https://lnkd.in/eKdW5UdE 6. International Organizations involved In International Tax - The UN [涉及国际税收的国际组织] https://lnkd.in/ermXNTq2 7. Residence Jurisdiction vs. Source Jurisdiction [来源地管辖权 vs. 居民管辖权] https://lnkd.in/eCit6_dc 8. Jurisdiction to Tax – The logic behind "Source Jurisdiction / Territorial Concept." [税收管辖区 - "来源地管辖权"背后的逻辑] https://lnkd.in/eyp-SY_k 9. Jurisdiction to Tax – The logic behind "Residence Jurisdiction." [税收管辖区 - "居民地管辖权"背后的逻辑] https://lnkd.in/eyzTrxpN 10. The Principle of Territorial-Residence Jurisdiction [属地兼属人管辖原则] https://lnkd.in/ehXXBXmd 11. Special Income Remittance Programme to Malaysian Residents – No more Exemption on Foreign Sourced Income remitted to Malaysia [马来西亚居民收入汇款特别计划 – 源自外国汇入马来西亚的收入，不再获得豁免] https://lnkd.in/ez4bpY3W 12. Double Taxation vs. Double Non-Taxation [双重征税 vs. 双重不征税] https://lnkd.in/etfYgkXK 13. Legal International Double Taxation [法律性国际双重征税] https://lnkd.in/e8zX9kP2 14. Methods used by Resident Countries to Cope with Double Taxation [居民国应对双重征税的方法] https://lnkd.in/e77aSCnE 15. Economic International Double Taxation [经济性国际双重征税] https://lnkd.in/ewWDxjZ3 16. Income Tax Treatment of Pensions (Provident Fund) [退休金或公积金@所得税处理] https://lnkd.in/eJVNzteR 17. Defining Residence [居民身份@界定] https://lnkd.in/eHfK49iB 18. An Individual’s Tax Residence under s 7(1)(a) ITA 1967 [1967年所得税法令第7(1)(a)条 @ 居民身份] https://lnkd.in/eJHAdE_D 19. An Individual’s Tax Residence under s 7(1)(b) ITA 1967 [1967年所得税法令第7(1)(b)条 @ 居民身份] https://lnkd.in/eT5HcfWH 20. An Individual’s Tax Residence under s 7(1)(b) ITA 1967 -Temporary Absences [1967年所得税法令第7(1)(b)条 @ 居民身份 - - 暂时性不在] https://lnkd.in/erW_Jxwd 21. Tax Residence under s 7(1)(c) ITA 1967 [1967年所得税法令第7(1)(c)条 @ 居民身份] https://lnkd.in/eMw82gE9 22. Tax Residence under s 7(1)(d) ITA 1967 [1967年所得税法令第7(1)(d)条 @ 居民身份] https://lnkd.in/eeYZy7Nq 23. Tax Residence under s 7(1A)ITA 1967 - A ‘day.’ [1967年所得税法令第7(1A)条 @ 居民身份: 一天的定义] https://lnkd.in/eS4JVgCr 24. Move to tax Foreign-Sourced Income in Malaysia is not a surprise [马来西亚对源自国外的收入征税 的举措并不令人意外] https://lnkd.in/e-kqYmuq 25. Special Income Remittance Programme to Malaysian Residents [源自外国汇入马来西亚的收入 特别报税方案] https://lnkd.in/eqhVhXda 26. Work on board, e.g. as a sailor, Subject to Tax? [在船上工作，如水手 中 Tax 吗] https://lnkd.in/ee6bgchw 27. Work onboard - Deeming Provisions of Employment Income [船员 - 就业收入认定条款 ] https://lnkd.in/eZv55cdV 28. What Exactly is Considered a Taxable Remittance: 1 - Introduction [究竟什么才会被认为是”应税汇款”: 1 – 概述] https://lnkd.in/eKVzZqeQ 29. What Exactly is Considered a Taxable Remittance: 2 - Definition & Examples of Remittances [究竟什么才会被认为是”汇兑”: 2 – "汇兑”的定义及例子] https://lnkd.in/ewmKMjC5 30. What Exactly is Considered a Taxable Remittance: 3 - How do I know What Income or Gains I Have Remitted? [究竟什么才会被认为是”汇兑”: 3 – 我如何知道 我汇兑了哪些收入或收益?] https://lnkd.in/esiM6_ZX 31. What Exactly is Considered a Taxable Remittance: 4 - Should I Remit or Not? [究竟什么才会被认为是”汇兑”: 4 – 我是否应该汇兑?] https://lnkd.in/exSEf5nq 32. Tax Residents to be exempted from tax on the foreign-sourced income until Dec 31, 2026 [税务居民源自国外的收入将被免征税至2026年12月31日] https://lnkd.in/eAu5rcJK 33. Termination of Special Income Remittance Program [最新消息 - 源自海外收入特别汇款计划] https://lnkd.in/euW8CJzm 🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼 #当你以我们的视频及刊物上的内容作为税务事务处理的参考时，你需要： ✅ 查询相关资料是否依然合时、准确和完整；和 ✅ 寻求本身独立的专业意见，因为各别案例所涉及的范围和层面皆不同。 When you apply the content in our videos and publications as a reference, you need to: 🅾️ check the information contained therein, whether it’s up-to-date, accurate and complete, and 🅾️ seek your independent professional advice because the scope and extent involved in each case are different. 🌳🌳🌳🌳🌳🌳🌳🌳🌳🌳🌳🌳 👉 Stay in touch with us 1. Website ✍️ https://www.ccs-co.com/ 2. Telegram ✍️ http://bit.ly/YourAuditor 3. Instagram ✍ http://tiny.cc/rojzrz 4. Blog ✍ https://lnkd.in/e-Pu8_G 5. Google ✍ https://lnkd.in/ehZE6mxy