Breaking Ground: Malaysia's Capital Gains Tax and Its Implications

Embark on a comprehensive exploration of Malaysia's newly revealed capital gains tax regime, as detailed in the Finance (No 2) Bill 2023 unveiled on 7 November 2023. Commencing on 1 January 2024, the landscape of taxation is set to transform with the introduction of Chapter 9 into Part III of the Income Tax Act 1967. This addition outlines the rules for computing capital gains, covering crucial aspects such as adjusted income, adjusted loss, chargeable income, and the use of market value as selling price of capital assets.

The tax scope is supposed to be limited to unlisted shares of companies incorporated in Malaysia. However, the tax horizon expands beyond such capital asset, as it shall include gains on the disposal of all types of capital assets situated outside Malaysia. Notably, disposals involving controlled companies incorporated abroad, holding real properties in Malaysia, shall fall within the purview of capital gains tax. The affected taxpayers are companies, trust bodies, limited liability partnerships and cooperatives that may dispose of capital assets in the future.

Join us on a journey of understanding, as we decode the nuances of Malaysia's capital gains tax regime, ensuring you are well-equipped to navigate this evolving fiscal terrain.

Learning Objectives

Our expert team is poised to navigate the intricacies of this transformative tax landscape, offering valuable insights into:

• Identifying potential pitfalls and strategies to navigate tax complexities
• Illustrating scenarios where capital gains tax is applicable
• Providing examples of capital gains tax computation
• Exploring the interplay between capital gains tax and real property gains tax
• Clarifying compliance requirements
• Bridging the gap between capital gains tax issues and real-life examples
   

• Individual rate : RM350nett / pax
• Crowe’s Clients: RM300nett / pax

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Here’s why you should attend our Breaking Ground: Malaysia's Capital Gains Tax and Its Implications on 14th December 2023:

• HRDC claimable –  participants who are HRDC contributors can claim the event fee directly from the HRDC.
• CPD hours – participants who have professional qualifications will be able to claim their CPD hours to the awarding bodies such as CTIM, MIA, etc.