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.