Malaysia to offer 5% tax rate for funds investing in local startups, state media reports

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Malaysia is offering a concessionary tax rate of 5% for up to 10 years to eligible funds that invest at least 20% in 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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Malaysia to offer 5% tax rate for funds investing in local startups, state media reports


Malaysia is offering a concessionary tax rate of 5% for up to 10 years to eligible funds that invest at least 20% in 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.

Discover the stories of your interest



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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