Malaysia legislation
Section 8
Section 8
Amendment of Schedule 1
(a)
by substituting for paragraph (a) the following paragraph:
“(a) in relation to a disposal of movable property referred to in paragraph (b) in the definition of “capital asset” in subsection 2(1) or disposal of shares referred to in section 15c, which was acquired before 1 January 2024—
(i)
at the rate of 10 per cent on every ringgit of the chargeable income from such disposal;
or
(ii)
at the rate of 2 per cent of gross on the disposal price of such movable property or shares;”; and
(b)
by substituting for paragraph (b) the following paragraph:
“(b) in relation to a disposal of movable property referred to in paragraph (b) in the definition of
“capital asset” in subsection 2(1) or disposal of shares referred to in section 15c, which was acquired on or after 1 January 2024 at the rate of 10 per cent on every ringgit of the chargeable income from such disposal;”.
Amendment of Schedule 6