PKR MP Wong Chen had proposed that CGT be imposed on the shares of listed companies rather than unlisted entities.
In a written reply, Anwar, who is also the finance minister, said the government believed that the initial step in implementing a CGT should focus on the disposal of unlisted shares in local companies. Anwar was replying to Radzi Jidin who asked whether the government had conducted a detailed study on the implications of implementing CGT on unlisted shares.
When tabling the 2024 budget, the prime minister had said that beginning March 1, 2024, the government would impose CGT of 10% on the disposal of unlisted shares by local companies, calculated based on net profit.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: