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

Finance Minister II Datuk Seri Amir Hamzah Azizan in his keynote speech at the launch of Bursa Malaysia as a multi-asset exchange on Tuesday (Jan 16) that 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.

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