Not the right time to impose CGT on disposal of shares

KUALA LUMPUR: The government does not consider it suitable to impose capital gains tax on the disposal of shares of listed companies at this time, said Deputy Finance Minister Lim Hui Ying.

"The approach is taken to ensure that the local stock exchange can continue to be competitive," she said when winding up the debate on the Income Tax Bill (Amendment) 2024 in the Dewan Negara today.