Capital Market Initiatives in Budget 2024
The Securities Commission Malaysia (SC) welcomes Budget 2024 measures, which aim to sustain Malaysia’s recovery momentum, drive inclusive growth and enhance economic competitiveness. 

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Updated on 18 October 2023.
More information on Budget 2024 measures related to the capital market will be added as necessary.
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Tax exemption
  1. Income tax exemption extended for 3 more years (YA2024-YA2026) on investments made through Equity Crowdfunding (ECF) platforms, now also including individual investments via Limited Liability Partnership (LLP) nominee companies.
  2. SRI Funds/Sukuk
    • Income tax exemption for management fees from SRI funds extended for 5 years (YA2024 to YA2028).
    • Income tax deduction on issuance costs for SRI sukuk also extended for 5 years (YA2024 to YA2028).
  3. Extension of the existing tax exemption on income derived from a business of providing Islamic fund management services to local and foreign investors for three years from YA2024 to YA2026.
  4. Extension of tax incentive for angel investors until 31 December 2026 to encourage capital in technology related startups
  5. Additional tax deduction of up to RM300,000 for companies spending on Measurement, Reporting and Verification (MRV) related to the development of carbon projects. These expenses can be deducted from the income from carbon credit sales traded at the Bursa Carbon Exchange (BCX).
  6. Income tax exemption in full for 5 years for Labuan entities that carry out trading activities related to Islamic finance such as Islamic digital banking, Islamic digital bursa, ummah-related company and Islamic digital token issuer from assessment year 2024.

MyCIF Allocation
  1. An extra RM100 million allocated to MyCIF over the next 3 years to bolster food security financing and make a positive impact on the environment and society.
Venture Capital
  1. Strengthening of the venture capital environment through the centralisation of venture capital agencies such as Penjana Kapital and MAVCAP under Khazanah Nasional Berhad.
Development of MYStartup Platform
  1. A total of RM28 million to develop the MYStartup platform as a single window that brings together startups while simplifying business activities throughout their lifecycle. This initiative will optimise RM200 million fund under various funding agencies and venture capital under a single platform.
National Scam Response Centre
  1. Increase allocation of up to RM20 million (instead of RM10 million) to further improve the functionality of the National Scam Response Centre (NSRC) to combat scam related crimes.
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