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A person walks near a logo of the Central Bank of Malaysia (Bank Negara Malaysia) at Kuala Lumpur, Malaysia May 12, 2023. REUTERS/Hasnoor Hussain/File Photo
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16 Jan 2024 10:52AM
KUALA LUMPUR : Malaysia has exempted the imposition of capital gains tax and taxes on foreign-sourced income on unit trusts, its second finance minister said on Tuesday.
The exemption on foreign-sourced income is effective from Jan. 1, 2024 until Dec. 31, 2026 while the exemption on capital gains tax is effective from Jan. 1, 2024 until Dec. 31, 2028.
Source: Reuters
