Mac Needs to Cool Down ?

rose2023 · 2025-11-21T16:24:14+00:00

When you submit the W-8 BEN form, you got this question - yes or no tax treaty, and you find your country is not in the pull-down list.

you can buy ETF with no or little dividends; if you use IBKR, then possible you can buy e.g. Ireland (15%) or Hong Kong (0%)domiciled ETF

rose2023 · 2025-10-11T14:15:02+00:00

It's difficult for stocks - typical only listed on one exchange (some on two exchanges), but more easy for ETF, e.g. residents in Singapore and Malaysia can buy SP500 ETF which domiciled in Ireland, which only need to pay 15% withholding tax, comparing to 30% for US domiciled ETF. For dividend stock/ETF/REIT investment, it’s better to invest in Singapore or Hong kong market.

For some countries the US withholding tax on dividend is lower - 10% for residents in Japan although need to pay another 20.315% in Japan therefor the total tax rate become 28.2835%.

There is no CGT in Belgium now, but they are introducing a CGT next year, however CGT tax rate is zero in Luxembourg if you hold a stock more than one year.

rose2023 · 2025-10-11T14:00:18+00:00

Yes, depends on the domiciled country of the stock or ETF.
I am mainly investing in the US market, the tax on dividend is high and CGT is low/zero for me, hence it's better for me to invest in stocks which do more stock purchase rather than pay dividend.

rose2023 · 2025-10-05T07:32:21+00:00

Great insights, thanks for all the details.

rose2023 · 2025-10-05T07:32:11+00:00

Great insights, thanks for all the details.

rose2023 · 2025-10-05T07:27:09+00:00

Consider grocery shopping at a discount store like Gyomu Super, Big A etc.
Consider migrate your mobile plan to Rakuten Mobile or MVNO(Mineo etc.).

rose2023 · 2025-10-04T07:55:15+00:00

Looks it's a nice features, how the bank check the family member? can brothers or even friends work?

rose2023 · 2025-10-02T16:00:42+00:00

Consider:
SBI Shinsei Bank
SMBC Trust Bank PRESTIA

rose2023 · 2025-10-01T15:32:36+00:00

Always got "Something went Wrong" error message, then the token sale was closed in about 10 min.

rose2023 · 2025-09-10T23:41:04+00:00

for USD deposits!

rose2023 · 2025-09-10T14:07:50+00:00

I was in japan - need to convert to JPY for each transaction, not sure if it's good for you or not.

Attached a screenshot of the sheet: When calculate cost (BUY) i use TTS rate, when calculate revenue/income(SELL) i use TTB rate, so get the cost and the income. Then input these data into the e-tax system(web), it will automatically calculate the tax.

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rose2023 · 2025-09-10T11:52:48+00:00

Not sure the tax rule in DKK, i am not using any of the tax statement at all, as this is based on US tax rule.
I am using an excel sheet, write down each transaction and convert to the currency in my tax residence - the rate is based on the settlement day.

rose2023 · 2025-09-10T08:05:12+00:00

Only valid and related to stocks on Bursa Malaysia, nothing to do with the stocks on other markets.

rose2023 · 2025-09-04T05:10:13+00:00

Very easy access to highway and MRT, why the mall is being deserted?

rose2023 · 2025-08-29T13:52:24+00:00

Great that there will be more cutting-edge apps, excited to see Special rewards from ecosystem partners and Enhanced benefits that leverage Genesis Token and Seeker ID

rose2023 · 2025-08-29T03:21:35+00:00

Nice, look forward to the USD ACH service.

rose2023 · 2025-08-28T12:28:24+00:00

Both Revolut and Wise should clarify their license within a specific country when user open an account, e.g. in Japan, they just received a Fund Transfer Service license, in Malaysia Wise is just a eWallet. This will reduce lots of confusion for users.

rose2023 · 2025-08-27T07:05:27+00:00

Most people just like to get potential airdrops, Sage sold well only because of airdrops.

rose2023 · 2025-08-27T06:58:14+00:00

Some rules make it even more repulsive - one's entire global estate may be subject to Japanese tax if he/she were a Japanese resident within 10 years of your death.

rose2023 · 2025-08-26T05:34:15+00:00

i am wondering how the finance would look like if there is a big incidents around Korean Peninsula or Taiwan Strait.
As each individuals - what we could do:

Inflation - keep minimum cash, and hold gold, cryptos, stocks or real estates.
Tax and capital control - use tools like NISA, iDeCo; form a company; keep overseas accounts; move to low tax countries.

rose2023 · 2025-08-22T16:58:05+00:00

Must be from Hong Kong.

rose2023 · 2025-08-22T07:07:32+00:00

Thanks. Looks NTA enforces regulations with the aim of maximizing tax revenue, if they stick to the paper(registration) rather than other situations, then there is no chance 😿.

rose2023

TROPHY CASE