Malaysia's Budget for 2024 was delivered on 13 October 2023. Some of the main measures as explained in the tax measures document include:
- The implementation of Capital Gains Tax (CGT) on the disposal of unlisted shares for companies as follows from 1 March 2024, depending on the share acquisition date, with an exemption for shares disposed of in relation to an approved IPO or a restructuring of shares within the same group:
- acquired before 1 March 2024, the taxpayer may choose to be taxed …