The Inland Revenue Board of Malaysia (IRBM) has issued technical guidelines dated 27 March 2024 concerning the Tax Treatment on Gains from the Disposal of Foreign Capital Assets Received from Outside Malaysia. The main points of the guidelines are summarized as follows: Chargeable Persons Effective from 1 January 2024, gains from the disposal of all types of foreign capital assets received in Malaysia by the following residents are subject to tax: Companies; Limited Liability Partnerships (LLP); Trust Bodies; and Cooperative Societies. Chargeable Gains Gains from the disposal of foreign capital assets situated outside Malaysia are considered taxable income under paragraph...