Malaysia exempts imposition of capital gains tax, taxes on foreign-sourced income on unit trusts

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.

(Reporting by Danial Azhar)