Govt exempts CGT, FSI taxes on unit trusts | TheStarTV.com

Govt exempts CGT, FSI taxes on unit trusts

Published on 16 Jan 2024 7:32:17 PM

The Malaysian government has announced that there will be no capital gains tax (CGT) and taxes on foreign sourced income (FSI) on unit trusts.

Finance Minister II Datuk Seri Amir Hamzah Azizan in his keynote speech at the launch of Bursa Malaysia as a multi-asset exchange on Tuesday (Jan 16) that the exemption on FSI takes effect from Jan 1, 2024, until Dec 31, 2026, while the exemption on CGT is effective from Jan 1, 2024, to Dec 31, 2028.

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Keywords
news, tax exemption, cgt, fsi, investments, amir hamzah azizan, finance minister, unit trust

The Malaysian government has announced that there will be no capital gains tax (CGT) and taxes on foreign sourced income (FSI) on unit trusts.

Finance Minister II Datuk Seri Amir Hamzah Azizan in his keynote speech at the launch of Bursa Malaysia as a multi-asset exchange on Tuesday (Jan 16) that the exemption on FSI takes effect from Jan 1, 2024, until Dec 31, 2026, while the exemption on CGT is effective from Jan 1, 2024, to Dec 31, 2028.

Read more at http://tinyurl.com/bb3nz6vh

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, tax exemption, cgt, fsi, investments, amir hamzah azizan, finance minister, unit trust

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