Capital Gains Tax – Exemption for group restructuring and initial public offering
Further to the 2024 Budget proposal, the statutory orders that provide exemption on chargeable income from gains arising from the disposal of unlisted shares of a company incorporated in Malaysia under a scheme for restructuring of companies in the same group or for initial public offering, have been gazetted on 8 October 2024.
We are pleased to set out the salient points from the statutory orders as well as our commentary which can be accessed via the above links.
Petaling Jaya Office
Soh Lian Seng
Partner - Head of Tax and Tax Dispute Resolution
[email protected]
+ 603 7721 7019
Ng Sue Lynn
Partner - Head of Indirect Tax
[email protected]
+ 603 7721 7271
Tai Lai Kok
Partner - Head of Corporate Tax
[email protected]
+ 603 7721 7020
Bob Kee
Partner - Head of Transfer Pricing
[email protected]
+ 603 7721 7029
Long Yen Ping
Partner - Head of Global Mobility Services [email protected]
+ 603 7721 7018
Outstation Offices
Penang
Evelyn Lee
Partner
[email protected]
+603 7721 2399
Ipoh
Crystal Chuah Yoke Chin
Associate Director
[email protected]
+603 7721 2714
Kuching & Miri
Regina Lau
Partner
[email protected]
+603 7721 2188
Kota Kinabalu
Titus Tseu
Executive Director
[email protected]
+603 7721 2822
Johor
Ng Fie Lih
Partner
[email protected]
+603 7721 2514