CGS-CIMB Research said the government has estimated that it could potentially collect around RM1.2bil from taxing foreign source income received in Malaysia in 2022F.
KUALA LUMPUR: The government may raise additional net revenue of RM400mil from several Budget 2022 changes which are seen to be less punitive on the stock market compared to capital gains tax, CGS-CIMB Equities Research said.
In its strategy note issued on Wednesday, the research house said (1) a 50% rise in stamp duty rate on contract notes for trading of shares on Bursa Malaysia to 0.15% from 0.1%; (2) abolishment of stamp duty limit of RM200; and (3) exemption of 6% service tax on brokerage services related to share trading.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
