Malaysia Tax Agency Issues Updated Guidance on Real Estate Gains Tax

The Malaysian Inland Revenue Board Jan. 13 issued updated Guidance No. 2/2025, clarifying the implementation of the real property gains tax (RPGT) self-assessment system and mandatory electronic filing procedures, effective Jan. 1. Topics covered include: 1) the introduction of a self-assessment system requiring taxpayers to calculate gains, declare relevant costs and exemptions, and settle any remaining tax based on the disposal or acquisition of real estate or related shares; 2) mandatory electronic submission of RPGT return forms through the MyTax portal, within 60 days of acquisition or disposal; 3) the replacement of prior manual procedures with updated digital processes; 4) ...