
TaXavvy Issue 34/2024
Finance Act 2024 and other tax acts gazetted.
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.
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Finance Act 2024 and other tax acts gazetted.
This issue dives into the Updated real property gains tax exemption guidelines for transfer of assets, Filing program for specified documents through MITRS, Stamp duty exemption for SMEs financing instruments and Tax incentive for equity crowdfunding.
Welcome to our TaXavvy Budget Edition [Finance Bill 2024] which brings you the key tax proposals of Budget 2025 based on the Budget speech as announced by the Prime Minister and Finance Minister, YAB Dato' Seri Anwar bin Ibrahim on 18 October 2024.
This issue dives into the Guideline on application for green technology tax incentives, Accelerated Capital Allowance for ICT equipment and computer software and Tax incentive for hydrogen sulfide projects.