Malaysia exempts Capital Gains Tax and taxes on Foreign Sourced Income on unit trusts

📆 1/17/2024 3:57 AM
📰 theSundaily

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Malaysia,Capital Gains Tax,Foreign Sourced Income

The government has exempted unit trusts from Capital Gains Tax (CGT) and taxes on Foreign Sourced Income (FSI) to encourage capital market investments in Malaysia. Finance Minister II Datuk Seri Amir Hamzah Azizan announced the exemption, stating that it aims to make investments more accessible for individuals.

The government has agreed to exempt the imposition of Capital Gains Tax (CGT) and taxes on Foreign Sourced Income (FSI) on unit trusts to make capital market investments in Malaysia rakyat-friendly, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

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