𝗧𝗵𝗲 𝗦𝗵𝗮𝗿𝗲 𝘃𝘀. 𝗔𝘀𝘀𝗲𝘁 𝗗𝗶𝗹𝗲𝗺𝗺𝗮: 𝗞𝗲𝘆 𝗧𝗮𝘅 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀

The Malaysian International Chamber of Commerce and Industry (MICCI), in collaboration with Crowe Malaysia PLT, successfully hosted the Crowe Expert Hour x MICCI Taxation & Budget Council session, featuring insightful presentations by Mr. Chong Mun Yew and Mr. Michael Cheah.

The session was joined by participants both virtually and physically, ensuring an engaging and interactive exchange of knowledge. The session explored the topic “𝗠&𝗔 𝗧𝗮𝘅 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀: 𝗧𝗵𝗲 𝗦𝗵𝗮𝗿𝗲 𝘃𝘀. 𝗔𝘀𝘀𝗲𝘁 𝗗𝗶𝗹𝗲𝗺𝗺𝗮”, highlighting key considerations for businesses in navigating mergers and acquisitions. Members gained practical knowledge on the differences between share and asset sales, and the tax implications that follow.

Key takeaways included the benefits of a Share Sale such as avoiding double taxation, simpler processes, and retaining contracts & licenses versus the advantages of an Asset Sale, including step-up in tax basis, flexibility in asset selection, and higher deductions. The session concluded with closing remarks by Mr. Wayne Shu Guo Qui, who thanked the speakers, members, and partners for their strong support.

A big thank you to Crowe Malaysia PLT for the collaboration and to all our members for making this session a success!