Malaysia to introduce luxury goods tax; mulls capital gains tax

Kitco Media
By Reuters
Published:
Updated:
Reuters
KUALA LUMPUR, Feb 24 (Reuters) - Malaysia will introduce a luxury goods tax this year and look into introducing capital gains tax in line with international standards, Prime Minister Anwar Ibrahim said on Friday. His comments come as Malaysia unveiled a scaled-back spending plan for the year despite a sharply slowing economy as Anwar focuses on narrowing the budget deficit. (Reporting by Kuala Lumpur newsroom)

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