WEEKS after the proposed increase in the stamp duty rate on contract notes has been announced, industry players continue to express their concerns.
These new taxes on stamp duty for contract notes, foreign sources of income and prosperity tax seem to have knocked the wind out of the sails of the local market, says StashAway country manager for Malaysia Wong Wai Ken.
The worst thing is the removal of the RM200 cap as this discourages active traders, adds Areca Capital CEO and fund manager Danny Wong.
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