Mixed views on the new CGT

The Star, 4 March

In this article, Soh Lian Seng, Head of Tax at KPMG in Malaysia shares his thoughts on the implications of the capital gains tax (CGT) on companies intending to undertake a restructuring exercise, especially in the post-Covid era.

Soh points out that by not having a CGT regime, Malaysia has traditionally had a competitive advantage for foreign investments.

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