Malaysia has published the Income Tax (Restructuring of Companies Scheme) (Exemption) Order 2024 and the Income Tax (Initial Public Offering) (Exemption) Order 2024. The orders provide for the introduction of the capital gains tax exemption on the disposal of unlisted shares that was first announced as part of the Budget for 2024.

As previously reported, Malaysia's Finance (No. 2) Act 2023 i…