The exemption of capital gains tax (CGT) is needed to boost capital market performance and also to benefit the over 90% of investments in unit trusts that are made by individual investors.
The government has agreed to exempt the imposition of capital gains tax as well as taxes on foreign sourced income on unit trusts, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
A number of tax reform measures will be implemented next year to expand the country's revenue base and at the same time not burden the majority of the public.
Several top athletes aim for salaries that could outpace even the highest-earning footballers, raising questions about the sustainability of funding within Malaysian sports
Malaysia could miss live coverage of the 2026 FIFA World Cup as a steep RM200 million broadcasting fee strains Astro and RTM, raising doubts over whether fans will be able to watch football’s biggest tournament
