TAX QUESTIONS? YOU ASK LAH!

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Q: Our company has made some capital gains overseas and has paid tax for the gains in that country. Do we still need to pay tax in Malaysia if our company brings the money back to Malaysia?

A: There is no capital gains tax in Malaysia as of now. As such, capital gains brought back to Malaysia is not taxable in Malaysia.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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