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Published Jan 15, 2024 09:52PM ET Updated Jan 15, 2024 09:58PM ET
© Reuters. 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
KUALA LUMPUR (Reuters) – 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.
Malaysia exempts imposition of capital gains tax, taxes on foreign-sourced income on unit trusts