foreign-sourced income

Exemption of unit trusts’ CGT, taxes on FSI to boost capital market, say analysts

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.

Govt approves CGT, FSI tax exemptions on unit trusts

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.

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