Dr. Eva Langerbeck
Deputy Executive Director / Head of Corporate Services Department Corporate Services Department
+60-3-9235 1840 eva.langerbeck@malaysia.ahk.de1. Stamp Duty
2. Capital Gains Tax
Effective 1 January 2024, capital gains tax will be imposed on gains made by companies, limited liability partnerships, trust bodies, and co-operative societies from disposal of:
The rate of capital gains tax to be paid within 60 days of the date of disposal is as follows:
These provisions are effective from 1 January 2024, but are subject to the Income Tax (Exemption) (No. 7) Order 2023 which exempts a company, limited liability partnership, trust body or co-operative society from the payment of income tax in respect of any gains or profits received from the disposal of shares of a company incorporated in Malaysia not listed on the stock exchange made on or after 1 January 2024 to 29 February 2024.
3. Tax Treatment for Micro, Small and Medium sized Companies
As an additional condition to qualify for the preferential tax treatment granted to micro, small and medium sized companies, not more than 20 % of the company’s paid-up capital in respect of ordinary shares at the beginning of the basis period for a year of assessment must be owned directly or indirectly by one or more companies incorporated outside Malaysia or individuals who are not Malaysian citizens.
4. Double Tax Relief
Unilateral tax credit will no longer be available for income that is treated as derived from Malaysia under the Malaysian Income Tax Act that has suffered foreign tax from a country with which Malaysia has no double taxation agreement.
Deputy Executive Director / Head of Corporate Services Department Corporate Services Department
+60-3-9235 1840 eva.langerbeck@malaysia.ahk.de