Malaysia: Capital gains tax exemptions for certain group restructurings and initial public offerings
The exemptions apply beginning March 1, 2024.
Further to the 2024 budget proposal, orders providing exemption from the new capital gains tax for certain group restructurings and initial public offerings (IPOs) were gazetted on October 8, 2024.
The exemptions apply to transactions occurring beginning March 1, 2024.
Read an October 2024 report prepared by the KPMG member firm in Malaysia