On 9 May 2016, the Inland Revenue Board of Malaysia published Public Ruling No. 2/2016 - Venture Capital Tax Incentives.
Tax Exemption Incentive
A qualifying Malaysian venture capital company (VCC) is eligible for a tax exemption on statutory income from all sources of income, excluding interest income arising from savings or fixed deposits and profits from syariah-based deposits. The exemption may apply for a period of ten years of assessment or for the life of the fund established for th…