Effective from 1 January 2024, company, limited liability partnership, trust body and co-operative society which receives gains or profits from the disposal of capital asset consisting of:

• share of a company incorporated in Malaysia not listed on the stock exchange; or
• share of a controlled company incorporated outside Malaysia which owns real property situated in Malaysia or shares of another controlled company or both,

are subjected to capital gains tax (CGT) under the Income Tax Act 1967.

Submission of CGT return form and payment of CGT shall be made within 60 days from the date of disposal of the capital asset.