Originally posted by sunny6110:
got many kinda tax rebates one....
stock dividends can lessen ur tax payable oso...
above $21k needa pay tax
Dividends don't decrease your tax burden. The reason why you get a tax refund back is because, the profits from the company was already taxed at the company's tax rate of 20%. Since your personal tax bracket is lower than 20%, IRAS just refunds the difference back to you.
BUT, they are doing away with this tax refund thingy. As such you cannot claim back your tax difference and you will be tax at the company's tax rate of 20% instead of your personal tax rate (which is much lower, unless you make mucho mucho money).