ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/malaysia” target=”_blank”>Malaysia is offering a concessionary ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tax-rate” target=”_blank”>tax rate of 5% for up to 10 years to eligible ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/funds” target=”_blank”>funds that invest at least 20% in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/local-startups” target=”_blank”>local startups, state media reported on Tuesday, citing the second finance minister.
Second Finance Minister Amir Hamzah Azizan said the new venture capital tax incentive also includes a 10% tax rate for venture capital and private equity management companies registered with Malaysia’s Securities Commission, state news agency Bernama reported.
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