More clarity needed in capital gains tax implementation

Soh Lian Seng, Head of Tax at KPMG in Malaysia, went on air to comment on the capital gains tax (CGT), its challenges and the implications of the tax rollout. He shared that with the CGT, unit trusts or private equity funds investing in Malaysian unlisted companies would face unexpected and additional costs. However, clear guidance on the CGT would be required.

Full coverage on BFM 89.9.

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