Govt needs to provide clear capital gains tax mechanism to avoid double taxation, says KPMG

The Edge, 16 October

During the Financial Planning Association of Malaysia’s (FPAM) media roundtable on 16 October, our Head of Tax, Soh Lian Seng, emphasized that the government must provide clear mechanism on the implementation of capital gains tax (CGT) on profits from the disposal of unlisted shares so as to avoid double taxation.

“Currently, we have the real property gains tax (RPGT). I'm hoping that the details of the CGT mechanism that will be issued, should not have any duplication in terms of these two taxes.”

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