Malaysia Extends Exemption for Foreign-Sourced Capital Gains

Malaysia published the Income Tax (Exemption) (No. 3) Order 2024 (Amendment) Order 2026 in the Official Gazette on 29 July 2026. As previously reported, the original 2024 Order provided a capital gains tax exemption on gains from the disposal of capital assets situated outside Malaysia and received by companies, limited liability partnerships, trust bodies, and cooperative societies resident in Malaysia. For the exemption to apply, the recipient must meet certain conditions, including econo…