Govt exempts CGT, FSI taxes on unit trusts

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

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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
CGT , FSI , unit trusts , capital , tax , Amir Hamzah Azizan

Next In Business News
Stocks slide, dollar struggles as Trump's Greenland gambit rattles markets
US yields rise to multi-month highs on Trump's tariff threats
OMS Group inks deal with Ulstein for two next-generation cable-laying vessels
Ringgit firmer vs greenback on rising US-EU tensions
FBM KLCI retreats to 1,700 support as profit-taking accelerates
Trading ideas: IJM, Perak Corp, Kuchai, Favelle Favco, Reservoir Link, OpenSys, Teladan, PJBumi, AirAsia X, M&A Equity, Alliance Bank
Cypark aims for stronger recurring income stream
Iran’s real oil risk is labour strikes, not bombs
Coconuts might be IOI Corp’s next cash crop
Genting Plantations earnings to face setback

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.