KUALA LUMPUR: CIMB Group Holdings Bhd today denied that its Treasury arm is the source of information on the government’s plan to impose a 10% inheritance tax in the upcoming Budget 2018 announcement.
“CIMB Group would like to clarify that neither the group, nor any of its subsidiaries has made any official statement on any proposed inheritance tax in Malaysia,” the group said in a statement today.
The statement was in response to news circulated on social media that the CIMB Treasury provided the said information.
Second Finance Minister Johari Abdul Ghani yesterday denied that an inheritance tax would be introduced in Budget 2018.