[Impact of Introducing Capital Gains Tax in Malaysia]

Capital gains tax (CGT) is the tax that is imposed on profits realised on the sale of an asset such as stocks, bonds, precious metals, real estate, and property.

Recently, the chief executive officer of the Inland Revenue Board, Datuk Sri Dr Sabin Samitah suggested the implementation of CGT to shore up Malaysia’s income. According to him, CGT can help to widen Malaysia’s tax base and is a good tool to address income inequality. However, it will cost more transaction fees to investors and impact the supply of capital stock and the level of entrepreneurship substantially.

Click the link below to get more information on CGT and its impacts: https://www.thestar.com.my/business/business-news/2021/02/03/insight---the-impact-of-introducing-capital-gains-tax-in-msia

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