Foreign source income tax exemption to reduce companies' earnings risk


KUALA LUMPUR: CGS-CIMB is taking a positive view of the tax exemption on foreign-sourced dividends for corporates as it would reduce the earnings risks for companies with large overseas investments.

In a note, the firm said that it had been concerned about the government’s earlier decision to withdraw the tax exemption on foreign source income (FSI) for corporates in Budget 2022, as the change will permanently affect future income streams from overseas investments.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil prices slip on concerns over tariffs, slowdown fears
Globaltec unit to relinquish Muara Enim 2 PSC
Asian stocks slide, yen gets a boost as US growth worries grip markets
Scientex Packaging posts higher 2Q net profit of RM9.35mil on improved export sales
Bursa Malaysia, Asian markets a sea of red as US recession fears mount
Loob plans Tealive expansion in Thailand
Ringgit opens flat against US$ following recent OPR decision
US sell-off spills over into domestic market
Trading ideas: Capital A, Sapura Resources, TDM, Kerjaya Prospek, Pecca, MGB, LSH, VSolar, Pestech, Oasis, JFTech, Annum, West River, Cuckoo
US stock market loses US$4 trillion in value as Trump plows ahead on tariffs

Others Also Read