KUALA LUMPUR: As of Feb 29, a total of 182,666 cases of travel restrictions abroad have been enforced by the Inland Revenue Board (IRB), the Dewan Negara was told on Monday.
CAPITAL Gains Tax (CGT) has been implemented effective Jan 1, 2024 for companies, limited liability partnerships (LLP), trust bodies and cooperative s.
THE concept of capital gains tax (CGT) is new to the Malaysian business fraternity. The provisions in the Finance Bill issued recently are rather comp.
GAINS on sale of investments such as shares are generally not subject to any tax in Malaysia, other than gains on disposal of real property in the country or shares in a real property company where the Real Property Gains Tax is applicable at rates from 30% to 10% or 0%, depending on the ownership period and the profile of the seller.In Budget 2024, it was announced that the capital gains tax (CGT) would be introduced from March 1, on the sale of shares in unlisted Malaysian companies.
KUALA LUMPUR: Putrajaya must further explain the definition of high-value items in its new luxury goods tax, said Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam).