Private equity and venture capital is referring to different terms as a whole. Private equity is capital invested in a company or other entity that is not publicly listed or traded while venture capital is funding given to startups or other young businesses that show potential for long-term growth.
Venture Capital primarily consign their risks to the ability of the management of the company to execute By investing in areas with high growth rates. Venture Capital investments in high-growth segments are likely to have exit opportunities as the investment bankers are continually looking for new high-growth issues to introduce to the market.
We are well established in the Private Equity & Venture Capital sector. Our broad experience in this area spans a wide variety of areas including the preparation and negotiation of acquisition documents, angel financing, venture capital financing, private equity investment, development funds for high growth sectors, exit mechanisms such as drag along, tag along, put options, listing and trade sale, agreements among equity participants, debt and equity financing documentation, service agreements, confidentiality and intellectual property assignments, as well as agreements for the acquisition or licensing of technology.
Our range of services:
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Dear Valued Clients,
Following the national fiscal (Budget 2024) announcement, the proposed Service Tax (ST) rate will be increased from the current rate of 6% to 8% with effect from 1 March 2024, on selected taxable services including the legal services sector.
At this point, Azmi & Associates (“the Firm”) has outlined a tentative approach to the proposed increase in ST, pending further clarifications and implementation guidelines from the relevant Ministry and the Royal Malaysian Customs Department.
During this period, the Firm reserves the right to update or modify the information as deemed necessary.
1. Effective Date
The anticipated effective date for the implementation of the new tax rate (8%) is set for 1 March 2024.
2. Transitional rules for the proposed increase in Service Tax rate
a. Service Tax at 6% is applicable on taxable services provided before 1 March 2024; Service Tax at 8% is applicable on taxable services provided post 1 March 2024.
b. Taxable services spanning 1 March 2024:
• Service Tax at 6% for the portion of taxable services provided before 1 March 2024
• Service Tax at 8% for the portion of taxable services provided post 1 March 2024
Should you have any queries or require further clarification on this matter, please feel free to reach out to us. We highly value our client relationships and are dedicated to ensuring a seamless transition through these changes.
Corporate Communications, Azmi & Associates – 16 February 2024
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