Malaysia published the Finance Act 2024 in the Official Gazette on 31 December 2024. Some of the main measures include:
- The introduction of a 2% dividend tax on annual chargeable dividend income of individuals exceeding MYR 100,000 from the year of assessment 2025, with certain exemptions;
- The amendment of the Real Property Gains Tax (RPGT) Act to provide that:
- the chargeable gain on each disposal of a chargeable asset (real property) for a year of assessment is ascertained separately and t…