50% Tax Exemption for Investment in Equity Crowdfunding

Updated: Jul 20


103.1 Income Tax (Exemption) (No. 4) Order 2022 [PU(A) 142]
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Individual investors who invest in equity crowdfunding platforms certified by the Securities Commission (SC) will be eligible for a tax exemption on a specified amount of aggregate income. This incentive was suggested in Budget 2021. The proposal has been legitimised by the Income Tax (Exemption) (No. 4) Order  2022.


投资于证券委员会(SC)认证的股权众筹平台的个人投资者的总收入将有资格获得特定金额的免税待遇。


这项税务优惠措施是在2021年预算案中被提出的。2022年所得税(豁免)(第4号)指使该建议立法。

Interpretation


For the purposes of the Exemption Order:

equity crowdfunding operator’ means:
  • a company incorporated under the Companies Act 2016 (‘CA 2016’), and

  • registered with the SC as a recognised market operator to operate an equity crowdfunding platform under the SC’s Guidelines on Recognised Markets;


equity crowdfunding platform
  • means an online equity fundraising platform operated by an equity crowdfunding operator;

Securities Commission Malaysia
  • means the Securities Commission Malaysia established under section 3 of theSecuritiesCommissionMalaysiaAct1993 [Act 498];

nominee company
  • means a company which is: (a) incorporated under the CA 2016; (b) resident in Malaysia; and (c) established by an equity crowdfunding operator in Malaysia to receive investments from a qualifying individual for investment into an investee company through an equity crowdfunding platform;


investee company
  • means a company which is: (a) incorporated under the CA 2016, not including an exempt private company as specified in section 2 of the CA 2016; (b) resident in Malaysia; and (c) hosted on an equity crowdfunding platform to offer its shares;


shares
  • means shares offered on the equity crowdfunding platform.

Non-application


The Exemption Order shall not apply to a qualifying individual:


  • who has made a claim for deduction under the Income Tax (Deduction for Investment in a Venture Company or Venture Capital Company Rules 2022 [P.U.(A)117/2022], or


  • who has been granted an exemption under the Income Tax (Exemption) Order (No. 3) 2014 [P.U.(A)167/2014].



解释


就此《豁免指令》而言:-


“股权众筹经营者”是指:
  • 根据《2016年公司法令》("CA 2016")成立的公司;以及

  • 根据证券委员会(SC) 的《认可市场准则》(Guidelines on Recognised Markets),向证券委员会(SC) 注册为认可市场经营者,以经营股权众筹平台。


“股权众筹平台”是指:
  • 由股权众筹运营商运营的网络股权融资平台。


“马来西亚证券委员会” 是指:
  • 根据《1993年马来西亚证券委员会法令》[第498号法] 第3条设立的马来西亚证券委员会。


“代名人公司” 是指:
  • 根据《2016年公司法令》注册成立的公司;

  • 马来西亚税务居民;以及

  • 由股权众筹经营者在马来西亚设立的公司,以接受符合条件的个人投资者,通过股权众筹平台投资到被投资公司。


“被投资公司”是指:
  • 根据《2016年公司法令》注册成立的公司,不包括《2016年公司法令》第2条规定的豁免私人公司;

  • 马来西亚税务居民;以及

  • 托管在股权众筹平台,以发售其股份。


“股份”是指:
  • 股权众筹平台上发售的股份。


不适用


本豁免指令不适用于以下这些符合条件的个人:


  • 根据《2022年所得税(投资于风险公司或风险投资公司的扣除)细则》[P.U.(A) 117/2022] 申请扣除的人,或

  • 根据《2014年所得税(豁免)指令(第3号)》[P.U.(A) 167/2014] 获得豁免的人。










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