The Inland Revenue Board of Malaysia has published updated English-language Guidelines on Capital Gains Tax for Unlisted Shares, dated 21 July 2025. The guidelines update and replace the guidelines published in March 2024 (Malay language only). As previously reported, Malaysia's Finance (No. 2) Act 2023 introduced new rules from 1 January 2024 for Capital Gains Tax (CGT) on the disposal of capital assets, including foreign capital assets, with a general exemption for gains from the disposal …