KUALA LUMPUR (Jan 16): The government has agreed to exempt the imposition of capital gains tax (CGT) as well as taxes on foreign-sourced income (FSI) on unit trusts, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

“Through the various engagements we have had on this matter, it has come to our attention that one unintended area impacted by CGT is unit trusts, given that more than 90% of unit trust holders are individuals,” he told the audience here in his keynote address on launching Bursa Malaysia's new logo.

“I want to assure you that this government values feedback and engagements. I am pleased to announce that the government has agreed to exempt the imposition of CGT as well as taxes on FSI on unit trusts,” he said.

Source: The Edge Malaysia