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Is there dividend tax?
$Allianz Income and Growth MDis (LU0820561818.MF)$ Is there a 30% tax on the dividends from this fund?
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ZenSG : No
dydxequalszero OP ZenSG : Thank you. Do you personally buy this fund?
Chilli Doggie : Haven’t noticed taxes on funds or could be it’s not transparent. Be cautious on the trend of yields. I think returns will be lesser with in interest rates change.
dydxequalszero OP Chilli Doggie : Okay thank you.
Moomoo Buddy : Dear valued customer, Moomoo SG does not charge any processing fees for dividend distribution. However, any third-party/exchange charges will still be passed on to client. Kindly refer to the (latest) Company announcement.
Please note that dividends may also be subject to tax. Tax rates will vary according to each respective country's tax rate.
Withholding Tax may be applicable and will be withheld at source.
For example, the withholding tax for US dividends is usually 30%, and for China A-shares dividends is 10%.
Note: Withholding Tax rates are subject to local regulations.
After the dividend payment is credited, you can check [Funds Details] or [Statement].
0MATRIX0 Moomoo Buddy : I also wonder the same. if same fund one is SGD and one is USD whats the difference on the divided paid?
Moomoo Buddy 0MATRIX0 : Dear client, In general, the currency of the dividend payout should be the same as the currency of the fund. Thank you.