CIMB Treasury not behind rumour about 10% inheritance tax

CIMB Group Holdings Bhd is said to be hiring Rafe Haneef from HSBC Amanah Malaysia Bhd to lead its Islamic banking unit.

KUALA LUMPUR: CIMB Group has refuted a rumour on social media that CIMB Treasury is the source of information about a proposed 10% inheritance tax in the coming Budget proposals.

In a statement issued on Wednesday, the CIMB Group clarified that neither the group nor any of its subsidiaries has made any official statement on any proposed inheritance tax in Malaysia. 

The Budget proposals for 2018 will be announced on Oct 27.