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Malaysian Budget for 2024 Delivered Including Capital Gains Tax on Unlisted Shares, Several Incentive Measures, and Increased Service Tax

|Proposed Changes|Malaysia
Malaysia

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…

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