The Malaysian Ministry of Finance Jan. 16 announced tax exemptions for unit trusts, from: 1) capital gains tax (CGT), effective Jan. 1, 2024, to Dec. 31, 2028; and 2) tax on overseas income (FSI), effective Jan. 1, 2024, to Dec. 31, 2026. The announcement also states that sales of listed shares and sales of shares by individuals aren’t subject to CGT. [Malaysia, Ministry of Finance, 01/16/24]
Reference: View Announcement. View Index.
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