TaXavvy Issue 04/2024

In this issue:

Capital Gains Tax Return

The Inland Revenue Board has issued the sample capital gains tax return form and the Capital Gains Tax Return Form Filing Programme. 

They provide information on capital gains tax (CGT) compliance obligations, including: 

  • CGT exemption for shares under section 15C of the Income Tax Act 1967.

  • CGT return (not required) for disposals from 1 January 2024 to 29 February 2024, which are exempt from CGT.

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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