On 22 January 2024, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) issued the Capital Gains Tax Return Form (CGTRF) Guide Notes. Company, limited liability partnership, trust body and co-operative society that receives, gains or profits from the disposal of capital asset consist of:
are subjected to capital gains tax under the Income Tax Act (ITA) 1967 with effect from 1 March 2024.
Labuan entity (Labuan company, Labuan limited liability partnership, Labuan foundation and trust) that elect or subject to taxation under the ITA 1967 are subject to the imposition of capital gains tax.
Members are advised to refer to the Guide Notes at https://www.hasil.gov.my/en/forms/cgt-return-form-filing-programme/ for further information.
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