Is it Taxable for Dividend payout in USA

[kelly wee]

Hi Dennis,

You mentioned that you have bought some shares for Citigroup and BOA. When these co. payout dividend, is it taxable in USA (say about 30% or more) before the net dividend is tranfer to yr CDP a/c.

Good day.

[Dennis Ng]

Hi Dennis,

You mentioned that you have bought some shares for Citigroup and BOA. When these co. payout dividend, is it taxable in USA (say about 30% or more) before the net dividend is tranfer to yr CDP a/c.

Good day.

I'm not sure as I didn't really check. Frankly, I'm not investing into CITIGROUP or BOA for its dividends. So whether there is tax or not on the dividends, it is a very small amount that does NOT affect my investment decision.

[findleowong]

Hi Dennis,

You mentioned that you have bought some shares for Citigroup and BOA. When these co. payout dividend, is it taxable in USA (say about 30% or more) before the net dividend is tranfer to yr CDP a/c.

Good day.

Hi Kelly,

yes, for US stocks, there's a 30% tax on the dividend. When,UOB Kay hian send me the dividend check along with a slip showing the 30% tax charge on the dividend, inclusive the GST, processing fee.

Leo

[kelly wee]

Hi findleowong & Dennis,

Tks for the reply.

[findleowong]

Hi findleowong & Dennis,

Tks for the reply.

No worry on it Kelly.