Unit trust funds under the spotlight

Further to the earlier announcement made by the Finance Minister II Datuk Seri Amir Hamzah Azizan on 16 January 2024, the Income Tax (Unit Trust) (Exemption) Order 2024 and the Income Tax (Unit Trust in relation to Income Received in Malaysia from Outside Malaysia) (Exemption) Order 2024 have been gazetted.

In this article, we delve into the implications brought upon by these exemption orders and offer insights on how they might affect unit trusts moving forward.  We hope that it will provide you with a comprehensive understanding of the current environment and its potential impacts. 

We are pleased to set out the commentary which can be accessed via the above links.

Petaling Jaya Office

Soh Lian Seng
Partner - Head of Tax and Tax Dispute Resolution
lsoh@kpmg.com.my
+ 603 7721 7019

Ng Sue Lynn
Partner - Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271

Tai Lai Kok
Partner - Head of Corporate Tax
ltai1@kpmg.com.my
+ 603 7721 7020

Bob Kee
Partner - Head of Transfer Pricing
bkee@kpmg.com.my
+ 603 7721 7029

Long Yen Ping
Partner - Head of Global Mobility Services  yenpinglong@kpmg.com.my
+ 603 7721 7018

Outstation Offices

Penang

Evelyn Lee
Partner
evewflee@kpmg.com.my
+603 7721 2399

Ipoh

Crystal Chuah Yoke Chin
Associate Director
ycchuah@kpmg.com.my
+603 7721 2714

Kuching & Miri

Regina Lau
Partner
reglau@kpmg.com.my
+603 7721 2188

Kota Kinabalu

Titus Tseu
Executive Director 
titustseu@kpmg.com.my
+603 7721 2822

Johor

Ng Fie Lih
Partner 
flng@kpmg.com.my
+603 7721 2514