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New Malaysian tax won’t penalise sharia finance, says expert

Posted on 03 March 2010

From Themalaysianinsider.com: Malaysia is likely to give equal tax treatment to Islamic finance and conventional banking under a new tax regime next year, ensuring sharia banking products are not disadvantaged, a tax expert said today.

Malaysia plans to impose a goods and services tax from 2011, a move that would potentially raise the cost of Islamic financing transactions as they typically involve more legal steps than conventional finance……………………………………….Full Article: Source

 
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