1st quarter has passed and many companies distributed dividends and one of them was Krung Thai Bank that paid 0.88 baht/share.
Example calculation
No. of shares: 1000
Dividend/Share: 0.88 baht
Exchange rate: 0.03762
Tax/Broker handling fees;
Thailand: 10% withholding tax
Singapore: $10 + GST = $10.70
Gross dividend will be 880 baht / S$ 33.11
After 10% tax from Thai side: 792 baht / 29.80
After fees from SG: S$ 19.10
Comments
After the payable date given by the company, I received the dividend in the mailbox 10 days later. What happened was the dividend will be taxed first from Thailand, then the handling fees/GST from ......No, this is not another get-rich-financial-freedom-with-dividends type of post. This is a simple write-up about receiving dividends from Thai-listed companies when the shares are bought through a local (Singapore) broker.
Here are some facts about the SET;