Oct 23 2017, 02:43 PM
QUOTE(Udon90 @ Oct 23 2017, 08:26 AM)
says I have a mil, put into stock or unit trust, made 500k in return in a year, do I have to pay tax for that 500k? if investment return isn't taxable then everyone do earn big buck should or must put into at least unit trust, coz the return at least offset the tax.
profit earned from local stock market is not subjected to income tax. anyway you do pay gst on the cost so it is not completely tax free.normally countries who have capital gain tax on investment in stock market, also offer some kind of tax credit to offset your losses suffer from investment. malaysia has neither of that.
Quote
0.0149sec
0.45
6 queries
GZIP Disabled