IN BUDGET 2019 the federal government introduced an annual RM20mil tax exemption incentive per company for investments in venture capital funds, or for angel investors over a five-year period. Budget 2020 further extended the qualifying investment period for venture capitalists until the end of 2026, and for angel investors who invest in companies in the form of ordinary shares, the tax exemption application period has been extended to the end of 2023. The government introduced this slew of forward-thinking measures and incentives to encourage entrepreneurism and innovation to create intellectual property and hopefully, find unicorns with market valuations in excess ...
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