5 mins read

Budget 2024 and startups: MyStartup updgraded, investor tax incentives, capital gains tax concerns, and high growth funding

October 19, 2023
5 mins read

On this episode of Enterprise Biz Bytes, you will learn whether Budget 2024 hits the mark for the startup ecosystem and potential areas of concern with Dr. Sivapalan Vivekarajah, Senior Partner & Co-Founder at ScaleUp Malaysia Accelerator.

Among other things, we explore: Concerns and clarity needed from the proposed 10% Capital Gains Tax for the startup ecosystem; Tax incentives for individual investors and angel investors to invest in local startups; The placement of Malaysia Venture Capital Management (MAVCAP) and Penjana Kapital under the Khazanah Nasional; The RM 28 million allocated to upgrade MOSTI-run MYStartup so that it can become a one-stop gateway that facilitates business activities of startups; The RM.1.5 billion that GLCs and GLICs are to allocate to support startups involved in High Growth, High-Value (HGHV) sectors.