The main changes made to the superseded tax incentives guidelines under the Revised Tax Incentives Guidelines are as follows: The Revised Tax Incentives Guidelines, like its predecessor issued on 28 June 2022 (‘ the superseded tax incentives guidelines’) set out the types of tax incentives available for the venture capital industry 6, the qualifying criteria or requirements which must be fulfilled before a certification can be granted and the procedures for application. venture capital corporation (‘ VCC’), private equity corporation (‘ PEC’), venture capital management corporation (‘ VCMC’) and private equity management corporation (‘ PEMC’)) by requiring all registered corporations to: Streamlining the requirements applicable to all registered corporations (i.e.Expanding the pool of eligible investors who can invest in VC and PE funds by introducing a minimum investment amount of RM250,000 (or its equivalent in foreign currency) as an additional eligibility criterion 3 and.Removing the 50-investor limit on VC and PE funds 2.Entities that are solely fund vehicles will no longer need to be registered under the Revised VC/PE Guidelines 1 Revising the registration requirements so that only firms carrying on fund management activities for VC and PE are required to be registered under the Revised VC/PE Guidelines.The main changes under the Revised VC/PE Guidelines are as follows: The Revised VC/PE Guidelines which replaces the previous version issued on 16 April 2020 (‘ the superseded VC/PE guidelines’) aims to create a more conducive environment and increase the vibrancy of the market for venture capital (‘ VC’) and private equity (‘ PE’) asset classes and to add to the range of funding options available to micro, small and medium-sized enterprises (MSMEs) that are start-ups or high-growth enterprises. Both sets of the revised guidelines took effect on 28 November 2022.
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