Govt needs to be cautious in capital gains tax implementation

Nanyang Siang Pau - 24 February

In this article, comments from Soh Lian Seng, Head of Tax at KPMG in Malaysia on the tax measures tabled in the 2023 Budget, particularly the capital gains tax (CGT) were highlighted.

Soh shared that "This [CGT] will have wide-ranging implications, with many details of the mechanism still to be determined; once implemented, it will be a significant source of revenue for the government."

Full coverage online and attached below:

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