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Temporary Capital Gains Tax Exemption on Gains from Disposal of Capital Assets Outside Malaysia and Received in Malaysia

|Approved Changes|Malaysia
Malaysia

Malaysia published the Income Tax (Exemption) (No. 3) Order 2024 in the Official Gazette on 4 March 2024, which provides a capital gains tax exemption on gains from the disposal of capital assets situated outside Malaysia and received by companies, limited liability partnerships, trust bodies, and cooperative societies resident in Malaysia. For the exemption to apply, the recipient must meet certain conditions including economic substance conditions with regard to having enough employees and…

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