TaXavvy Issue 30/2023

In this issue:

Commencement date of Capital Gains Tax for shares in unlisted companies incorporated in Malaysia

The Income Tax (Exemption) (No. 7) Order 2023 was gazetted on 29 December 2023 to exempt companies, limited liability partnerships, trust bodies and co-operative societies from capital gains tax in respect of gains or profits from the disposal of shares of unlisted companies incorporated in Malaysia.

TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.

 

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