Finance (No. 2) Act 2023 · Updated to 29 Dec 2023 · Chapter 19
33. Amendment of Schedule 6
Feedback & supportSchedule 6 to the principal Act is amended—
(a)
in subsubparagraph 13(1)(a), by substituting for the words
“so long as the approval remains in force” the words
“in the basis period for a year of assessment so long as the institution, organization or fund complies with the conditions of the approval in that basis period for that year of assessment”; and
(b)
by inserting after paragraph 37 the following paragraph:
“38. (1) Gains or profits from the disposal of a capital asset situated in Malaysia.
(2)
The exemption under subparagraph (1) shall not apply to—
(a)
disposal of shares of a company incorporated in Malaysia not listed on the stock exchange; and
(b)
disposal of shares under section 15c.”.