MoF says will further study CGT exemption for companies not listed on Bursa Malaysia

KUALA LUMPUR: The Ministry of Finance is aware and will further study the proposal to extend the Capital Gains Tax (CGT) exemption to companies not listed on Bursa Malaysia.

Deputy Finance Minister Lim Hui Ying said so far there are only four CGT exemptions that will be given, such as the disposal of unlisted shares for business activities, such as initial public offerings (IPOs); restructuring of companies in the same group (internal restructuring); venture capital companies; and unit trusts.