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Saturday, 5 March 2016

Tax Exemption on FEES of managing Islamic Unit Trust Funds until early 2020 !

Good day to you, Investors & Friends !

I would like to share with you this good news;


The government has recently approved FIMM's budget proposal to extend the time period for the tax exemption on fees of managing Islamic Unit Trust Funds for another four (4) years until year of assessment 2020.

FIMM applauded the move as it believes that the exemption will boost the Islamic Unit Trust Funds industry even further.

"This will actually encourage more unit trust management companies to launch Islamic Unit Trust Funds as they will benefit more from the tax exemption given for the fees they have collected to manage the fund."
- 27 Jan 2016, En. Nazarruddin, CEO of FIMM (Federation Of Investment Managers Malaysia), told TMR(The Malaysian Reserve Newspaper, All Business Daily) 

P/S: Feel free to request for full article of the news that has been published on TMR Newspaper. I may send to you via email. Thank you.

Jas, Unit Trust Consultant, Public Mutual Berhad
(wholly-owned subsidiary of Public Bank Berhad)
T: +6017-7055381
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