This information is applicable for candidates being prepared for the P6 (MYS), Advanced Taxation exam. The content is dependant on existing regulations as at 31 March 2017. This article is composed to deliver an overview of the venture money industry in Malaysia plus the government’s effort to advertise this field and helps make research to the Public Ruling 2/2016 Venture Capital Tax Incentives.
Background
Venture cash is financial capital supplied by brokers, that could be through the governing administration, companies or visitors to higher substantial and prospective possibility development get started-up corporations for the early stages of the venture/enterprise. Venture cash traders typically have quite high hazards when investing in commence-up corporations, called endeavor businesses (VC). Typically, a VC offers the traders having a revenue share through promote value during the VC.
Sick And Bored with Doing Venture Capital Funding The Previous Manner? Read This
The Malaysia enterprise investment capital business started in the 1980s with the business on the Malaysia Ventures Berhad. Ever since then, the Malaysian Government is constantly engage in a vital job to promote the introduction of the industry, being the key cause of the devoted funds for any industry.
Rumored Buzz on Startup VC Exposed
The market sectors that obtained the best loans from venture capitalists were definitely the knowledge engineering (IT) and communicating area, as well as the making and daily life sciences market sectors, which include biotechnology.
4 Suggestions That may Change The best way You Startup Venture Capital
Government Entities acknowledges the power of the project investment capital market to be a way to obtain funding to surfacing great-advancement providers as well as efforts happen to be applied to generate a favourable surroundings for opportunity capital routines in Malaysia. In this connection, the Securities Commission (SC) has long been tasked to assess and certify applications for income tax bonuses for any opportunity cash industry in Malaysia.
Investments in VCs can be achieved in a few steps with the business everyday life spiral the following:
Seed funds cycle: In this stage, the company utilising the funds for those purposes of exploration, progression and examination of any initial thought or prototype, where the VC’s organisational design is not formalised
Start-up period: If its organisational framework has long been formalised, the VC has not yet started out its business selling from the merchandise, within this phase, the VC will undertake item development and initial advertising and marketing where the VC is with the strategy of formalising its organisational framework, or.
Early phase period: At this stage, this business is ready for commercialisation. The VC at this point would seek out funds to assist it for preliminary commercialisation associated with a modern technology or product, improve output volume or promoting or product advancement along with interim funding for staying on the authorized number of a stock swap.
A enterprise investment capital firm (VCC) can be a company included beneath the Companies Act, investing in a VC in the form of seed capital, start-up or earlier phase funding and that is recorded with the SC. Conversely, a endeavor cash management corporation (VCMC) deals with on the part of a VCC the purchases in securities of your VC in a variety of small business levels for example seed funds, get started-up or early level financing.
A VC is a business integrated within the Companies Act, which is certainly:
Venture Capital Funds Definition – Investopedia
www.investopedia.com › … › Private Equity & Venture Cap
Mar 19, 2020 –
What The Experts Aren’t Saying About Venture Capital And How It Affects You
– (a) resident in Malaysia for those period 12 months for any calendar year of examination (YA), and
{{Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}! {3|4|5|6|7|{3|4|5|6|7|8|9|10|Three|Four|Five|Six|Seven|Eight|Nine|Ten} {Tricks|Methods|Tips} The {Competition|Competitors} {Knows|Is aware of}, {But|However} {You don’t|You do not}|{3|4|5|6|7|8|9|10|Three|Four|Five|Six|Seven|Eight|Nine|Ten} Tips For {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}|The Ultimate Secret Of {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}|{3|4|5|6|7|8|9|10|Three|Four|Five|Six|Seven|Eight|Nine|Ten} Incredible {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} Transformations}
– (b) {involved in|involved with|associated with|linked to|related to|included in} utilising the seed {capital|funds|money|investment capital|budget|cash}, {start|begin|start off|commence|get started|start out}-up or {early|earlier|early on|very early|ahead of time|beginning} {stage|phase|period|point|level|step} {financing|funding|credit|loans|finance|lending} for {qualifying|being qualified|being approved|getting qualified} {activities|routines|actions|pursuits|things to do|exercises} / {products|items|goods|merchandise|solutions|products and solutions} {as follows|the following}:
{Clear And Unbiased {Facts|Details|Info|Information} About {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} ({Without|With out} {All the|All of the} Hype)|{Never|By no means} {Suffer|Endure|Undergo} From {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} {Again|Once more}|{Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} Is Crucial To Your Business. Learn Why!|{3|4|5|6|7|8|9|10|Three|Four|Five|Six|Seven|Eight|Nine|Ten} {Ways|Methods} Twitter Destroyed My {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} {Without|With out} Me Noticing}
(i) {products|items|goods|merchandise|solutions|products and solutions} or {activities|routines|actions|pursuits|things to do|exercises} {promoted|advertised|marketed|publicized|endorsed|elevated} {under the|underneath the|beneath the|within the|below the|in the} Promotion Investments Act, 1986 (PIA) {where a|in which a|when a|wherein a|where the|the place where a} VC {has been|continues to be|has become|is|has long been|has actually been} {granted|given|awarded|of course|naturally|approved} {tax|income tax|taxes|taxation|tax bill} {incentives|rewards|bonuses|benefits} {such as|like|including|for example|for instance|just like} {pioneer|leader} {status|standing|position|reputation|condition|rank} or {investment|purchase|expense|expenditure|investment decision|financial investment} {tax|income tax|taxes|taxation|tax bill} allowance (ITA)
{The Secret Guide To {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}|{3|4|5|6|7|8|9|10|Three|Four|Five|Six|Seven|Eight|Nine|Ten} New Age {Ways|Methods} To {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}|{Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} Guide To Communicating Value|What You {Didn’t|Did not} {Realize|Notice|Understand} About {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} Is {Powerful|Highly effective} – {But|However} {Extremely simple|Very simple}}
(ii) {technology|technologies|modern technology|technological innovation|engineering|systems}- {based|dependent|centered|structured|primarily based|established} {activities|routines|actions|pursuits|things to do|exercises} {listed|outlined|shown|detailed|posted|mentioned} {under the|underneath the|beneath the|within the|below the|in the} Venture Capital Tax Incentives Guidelines {issued by|from} the SC
(iii) {products|items|goods|merchandise|solutions|products and solutions} or {activities|routines|actions|pursuits|things to do|exercises} {which have been|that have been|which were|which has been|which are} {developed|created|produced|designed|formulated|established} {under the|underneath the|beneath the|within the|below the|in the} Industrial {Research and Development|{Development|Improvement|Advancement|Growth|Progression|Creation} and {Research|Study|Investigation|Analysis|Exploration|Researching}} Grant Scheme, {granted|given|awarded|of course|naturally|approved} {by the|from the|through the|with the|via the|because of the} Ministry of Science, {Technology and Innovation|{Innovation|Advancement|Development|Creativity|Invention|Creation} and {Technology|Technologies|Modern technology|Technological innovation|Engineering|Systems}} (MOSTI), or
{Is It Time {to talk|to speak} {More|Extra} About {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}?|{3|4|5|6|7|8|9|10|Three|Four|Five|Six|Seven|Eight|Nine|Ten} Ways to Guard Against {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}|What Makes A {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}?|{3|4|5|6|7|8|9|10|Three|Four|Five|Six|Seven|Eight|Nine|Ten} Romantic {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} Holidays}
({iv|intravenous}) {products|items|goods|merchandise|solutions|products and solutions} or {activities|routines|actions|pursuits|things to do|exercises} {which have been|that have been|which were|which has been|which are} {developed|created|produced|designed|formulated|established} {under the|underneath the|beneath the|within the|below the|in the} MSC {Research and Development|{Development|Improvement|Advancement|Growth|Progression|Creation} and {Research|Study|Investigation|Analysis|Exploration|Researching}} Grant Scheme {granted|given|awarded|of course|naturally|approved} {by the|from the|through the|with the|via the|because of the} Multimedia Development Corporation.
Tax {incentives|rewards|bonuses|benefits} {available|readily available|accessible|offered|obtainable|on the market}
{
{In order to|To be able to|So that you can|As a way to|In an effort to|So as to} {promote|market|advertise|encourage|enhance|increase} {investments|ventures|assets|purchases|investment strategies|investment opportunities} in {high risk|high-risk|dangerous|heavy risk} {business|company|enterprise|organization|small business|online business} {undertaken|carried out|performed|taken on} {by the|from the|through the|with the|via the|because of the} VCs, the Malaysian Government has {announced|declared|released|introduced|reported|revealed} {a number of|several|numerous|a variety of|many|quite a few} {venture|endeavor|enterprise|business|opportunity|project} {capital|funds|money|investment capital|budget|cash} {tax|income tax|taxes|taxation|tax bill} {incentives|rewards|bonuses|benefits} {for the|for your|for that|to the|for any|for those} {industry|business|market|sector|field|marketplace}.|{In order to|To be able to|So that you can|As a way to|In an effort to|So as to} {promote|market|advertise|encourage|enhance|increase} {investments|ventures|assets|purchases|investment strategies|investment opportunities} in {high risk|high-risk|dangerous|heavy risk} {business|company|enterprise|organization|small business|online business} {undertaken|carried out|performed|taken on} {by the|from the|through the|with the|via the|because of the} VCs, the Malaysian {Government|Federal government|Authorities|Govt|Administration|Governing administration} has {announced|declared|released|introduced|reported|revealed} {a number of|several|numerous|a variety of|many|quite a few} {venture|endeavor|enterprise|business|opportunity|project} {capital|funds|money|investment capital|budget|cash} {tax|income tax|taxes|taxation|tax bill} {incentives|rewards|bonuses|benefits} {for the|for your|for that|to the|for any|for those} {industry|business|market|sector|field|marketplace},
.} The {tax|income tax|taxes|taxation|tax bill} {incentives|rewards|bonuses|benefits} {can be|could be|may be|might be|is often|is usually} categorised {as follows|the following}:
– (a) Tax exemption {for a|for any|to get a|for the|for your|to obtain a} VCC {investing in a|buying a|purchasing a|choosing a|selecting a|getting a} VC {under the|underneath the|beneath the|within the|below the|in the} {Income Tax|Taxes|Tax} (Exemption) (No. 12) Order 2005.
{3|4|5|6|7|8|9|10|Three|Four|Five|Six|Seven|Eight|Nine|Ten} {Lessons|Classes} {You can|You may|You possibly can|You’ll be able to} {Learn|Be taught|Study} From Bing About Startup Venture Capital
{It should be|It ought to be|It needs to be|It must be|It has to be} {noted|observed|mentioned|documented|known|recognized} {that a|that the|which a|a|that any|that your particular} VCC {that has|which has|which includes|containing|who has|having} {applied for|requested} {tax|income tax|taxes|taxation|tax bill} exemption {under|below|beneath|less than|within|underneath} (a) {is not|will not be|is not really|is just not|is simply not|is absolutely not} {entitled|titled|eligible|called|named} {to apply for|to try to get|to get|to obtain} the {tax|income tax|taxes|taxation|tax bill} deduction {incentive|motivation|bonus|motivator|inducement|encouragement} {under|below|beneath|less than|within|underneath} (b) {for the whole|for the entire|for the} {of its|of their|of the|from the|with the|of that} {tax|income tax|taxes|taxation|tax bill} exempt {period|time period|period of time|time|phase|timeframe}. {This is because|It is because|The reason being|Simply because|For the reason that|This is due to} {both the|both|the|the two|your} {incentives|rewards|bonuses|benefits} are mutually {exclusive|unique|distinctive|special|exceptional|outstanding}.
Tax exemption {for a|for any|to get a|for the|for your|to obtain a} VCC {investing in a|buying a|purchasing a|choosing a|selecting a|getting a} VC
Under this {incentive|motivation|bonus|motivator|inducement|encouragement}, a VCC {is given|is offered|is provided} {full|complete|total|whole|entire|100 %} {income tax|taxes|tax} exemption on its statutory {income|earnings|revenue|cash flow|salary|profits} {derived from|produced from|based on|produced by|created from|resulting from} all {sources of|causes of|types of|resources for|options for|supplies of} {income|earnings|revenue|cash flow|salary|profits} {excluding|not including} {interest|attention|curiosity|fascination|attraction|awareness} {income|earnings|revenue|cash flow|salary|profits} {arising from|as a result of} {savings|cost savings|financial savings|price savings|personal savings|discounts} or {fixed|repaired|set|resolved|preset|predetermined} {deposits|build up|deposit} and {profits|earnings|revenue|income|sales|gains} from syariah-{based|dependent|centered|structured|primarily based|established} {deposits|build up|deposit}. The {tax|income tax|taxes|taxation|tax bill} exempt {period|time period|period of time|time|phase|timeframe} {is for|is perfect for|is made for|is designed for|is ideal for|is good for} 10 YAs {or the|or even the|or perhaps the|or maybe the|and the|or} {life of|lifetime of} the {fund|account} {established|recognized|set up|founded|proven|identified} {for the purpose of|with regards to|just for|when it comes to|for} {investing in a|buying a|purchasing a|choosing a|selecting a|getting a} VC, {whichever|whatever|no matter which|no matter what|regardless of what|regardless of which} {is the|is definitely the|will be the|may be the|would be the|could be the} {shorter|smaller|reduced|quicker|faster|short}.
{Where a|In which a|When a|Wherein a|Where the|The place where a} VCC {suffers|endures} {losses|deficits|loss|failures|damages|cutbacks} {from the|from your|through the|in the|coming from the|out of the} {disposal|removal|convenience|fingertips|discretion} of {shares|gives|offers|reveals|conveys|gives you} {in a|inside a|within a|in the|in a very|inside of a} VC {during the|throughout the|through the|in the|over the|while in the} {tax|income tax|taxes|taxation|tax bill} exempt {period|time period|period of time|time|phase|timeframe}, {such|this kind of|these kinds of|this sort of|these types of|these} {losses|deficits|loss|failures|damages|cutbacks} {can be|could be|may be|might be|is often|is usually} {carried|maintained|taken|transported|moved|brought} {forward to|toward|to} the {post|article|publish|submit|blog post|posting} {tax|income tax|taxes|taxation|tax bill} exempt {period|time period|period of time|time|phase|timeframe}.
{
{If {You do not|You don’t} (Do){Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} Now, {You will|You’ll} Hate {Yourself|Your self} Later|A {Surprising|Shocking|Stunning} {Tool|Device|Instrument|Software} {To help you|That can assist you|That will help you} {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}|{Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} Your {Way to|Approach to|Method to|Option to|Solution to|Strategy to|Technique to} Success|{Top|High|Prime} 10 {Mistakes|Errors} On {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} {That you can|That you could|That you may|That you would be able to|Which you can|Which you could|You can|You could} Easlily {Correct|Appropriate|Right} {Today|As we speak|At present|At the moment|At this time|Immediately|In the present day|Right now|Right this moment}}
{In other words|Quite simply|Put simply|To put it differently|Basically|Simply put}, {it is|it really is|it is actually|it can be|it truly is|it happens to be} clarified {in the|within the|inside the|from the|during the|on the} Public Ruling 2/2016 {that if|that when|that in case|when|that whenever|whenever} a VCC {provides|offers|gives|supplies|delivers|presents} {early|earlier|early on|very early|ahead of time|beginning} {stage|phase|period|point|level|step} {financing|funding|credit|loans|finance|lending} {to a|to some|to your|into a|to the|with a} VC, {which is|that is|which can be|which happens to be|which is certainly|and that is} {involved in an|in an} {activity|exercise|action|process|task|pastime} not {listed|outlined|shown|detailed|posted|mentioned} as {technology|technologies|modern technology|technological innovation|engineering|systems}-{based|dependent|centered|structured|primarily based|established} {business|company|enterprise|organization|small business|online business} {activities|routines|actions|pursuits|things to do|exercises}, the VCC would {qualify for|be eligible for|be entitled to|be eligible for a|receive|get} the {tax|income tax|taxes|taxation|tax bill} exemption {if it|when it|if this|whether it|in the event it|whether or not this} {had|experienced|got|possessed|obtained|acquired} also {provided|supplied|offered|presented|given|furnished} {financing|funding|credit|loans|finance|lending} {to the|towards the|for the|on the|into the|to your} VC {from the|from your|through the|in the|coming from the|out of the} seed {capital|funds|money|investment capital|budget|cash} or {start|begin|start off|commence|get started|start out}-up {stage|phase|period|point|level|step}.
|{If a|In case a|When a|If your|If the|Should a} VCC {provides|offers|gives|supplies|delivers|presents} {early|earlier|early on|very early|ahead of time|beginning} {stage|phase|period|point|level|step} {financing|funding|credit|loans|finance|lending} {to a|to some|to your|into a|to the|with a} VC, {which is|that is|which can be|which happens to be|which is certainly|and that is} {involved in an|in an} {activity|exercise|action|process|task|pastime} not {listed|outlined|shown|detailed|posted|mentioned} as {technology|technologies|modern technology|technological innovation|engineering|systems}-{based|dependent|centered|structured|primarily based|established} {business|company|enterprise|organization|small business|online business} {activities|routines|actions|pursuits|things to do|exercises}, the VCC would {qualify for|be eligible for|be entitled to|be eligible for a|receive|get} the {tax|income tax|taxes|taxation|tax bill} exemption {if it|when it|if this|whether it|in the event it|whether or not this} {had|experienced|got|possessed|obtained|acquired} also {provided|supplied|offered|presented|given|furnished} {financing|funding|credit|loans|finance|lending} {to the|towards the|for the|on the|into the|to your} VC {from the|from your|through the|in the|coming from the|out of the} seed {capital|funds|money|investment capital|budget|cash} or {start|begin|start off|commence|get started|start out}-up {stage|phase|period|point|level|step}.{In other words|Quite simply|Put simply|To put it differently|Basically|Simply put}, {it is|it really is|it is actually|it can be|it truly is|it happens to be} clarified {in the|within the|inside the|from the|during the|on the} {Public|General public|Open public|Community|Consumer|General population} {Ruling|Judgment} 2/2016 that>}
{Examples of|Types of|Samples of|Instances of|Illustrations of|A example of} {technology|technologies|modern technology|technological innovation|engineering|systems}-{based|dependent|centered|structured|primarily based|established} {activities|routines|actions|pursuits|things to do|exercises} as {provided|supplied|offered|presented|given|furnished} {under the|underneath the|beneath the|within the|below the|in the} SC’s Venture Capital Tax Incentive Guidelines {include|consist of|incorporate|involve|include things like|contain} {advanced|sophisticated|innovative|superior|state-of-the-art|enhanced} {electronics|electronic devices|gadgets|electronic products|technology|consumer electronics} {and IT|plus it|and it also|and yes it|also it|and also it}, telecommunications, {equipment|gear|devices|products|tools|apparatus} / instrumentation, automaton {and flexible|and versatile} {manufacturing|production|producing|developing|making|development} {{systems|techniques|methods|solutions|devices|programs}, biotechnology, bioconversion and {genetic|hereditary}|biotechnology, {systems|techniques|methods|solutions|devices|programs}, bioconversion and {genetic|hereditary}|{systems|techniques|methods|solutions|devices|programs}, bioconversion, biotechnology and {genetic|hereditary}|bioconversion, {systems|techniques|methods|solutions|devices|programs}, biotechnology and {genetic|hereditary}|biotechnology, bioconversion, {systems|techniques|methods|solutions|devices|programs} and {genetic|hereditary}|bioconversion, biotechnology, {systems|techniques|methods|solutions|devices|programs} and {genetic|hereditary}|{systems|techniques|methods|solutions|devices|programs}, biotechnology, {genetic|hereditary} and bioconversion|biotechnology, {systems|techniques|methods|solutions|devices|programs}, {genetic|hereditary} and bioconversion|{systems|techniques|methods|solutions|devices|programs}, {genetic|hereditary}, biotechnology and bioconversion|{genetic|hereditary}, {systems|techniques|methods|solutions|devices|programs}, biotechnology and bioconversion|biotechnology, {genetic|hereditary}, {systems|techniques|methods|solutions|devices|programs} and bioconversion|{genetic|hereditary}, biotechnology, {systems|techniques|methods|solutions|devices|programs} and bioconversion|{systems|techniques|methods|solutions|devices|programs}, bioconversion, {genetic|hereditary} and biotechnology|bioconversion, {systems|techniques|methods|solutions|devices|programs}, {genetic|hereditary} and biotechnology|{systems|techniques|methods|solutions|devices|programs}, {genetic|hereditary}, bioconversion and biotechnology|{genetic|hereditary}, {systems|techniques|methods|solutions|devices|programs}, bioconversion and biotechnology|bioconversion, {genetic|hereditary}, {systems|techniques|methods|solutions|devices|programs} and biotechnology|{genetic|hereditary}, bioconversion, {systems|techniques|methods|solutions|devices|programs} and biotechnology|biotechnology, bioconversion, {genetic|hereditary} and {systems|techniques|methods|solutions|devices|programs}|bioconversion, biotechnology, {genetic|hereditary} and {systems|techniques|methods|solutions|devices|programs}|biotechnology, {genetic|hereditary}, bioconversion and {systems|techniques|methods|solutions|devices|programs}|{genetic|hereditary}, biotechnology, bioconversion and {systems|techniques|methods|solutions|devices|programs}|bioconversion, {genetic|hereditary}, biotechnology and {systems|techniques|methods|solutions|devices|programs}|{genetic|hereditary}, bioconversion, biotechnology and {systems|techniques|methods|solutions|devices|programs}}{{engineering|technology|design|architectural|manufacturing|modern technology} and {healthcare|health care|medical care|health-related|medical|health related}|{healthcare|health care|medical care|health-related|medical|health related} and {engineering|technology|design|architectural|manufacturing|modern technology}}, {advanced|sophisticated|innovative|superior|state-of-the-art|enhanced} {materials|components|supplies|resources|products|elements}, {etc|and so on|and so forth|and many others|etcetera|and many more}.
What is venture capital in simple words?
Venture capital is a type of private equity capital.. Typically it is provided by outside investors to new businesses that promise to grow fast. startup venture Capital capital investments are usually high risk, but offer the potential for above-average returns. A venture capitalist (VC) is a person who makes such investments.
{{Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}: {Quality|High quality} vs {Quantity|Amount}|{Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} Stats: These Numbers Are {Real|Actual}|Is It Time {To talk|To speak} {More|Extra} ABout {Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding}?|{Startup Venture Capital|Venture Capital|Startup VC|Venture Capital Funding} May Not Exist!}
Example 1
ABC Sdn Bhd (ABC) was {set up|setup|create|put in place|build|put together} {as a|being a|as being a|like a|to be a|for a} VCC in 2015 {and has|and it has|and contains|and possesses|and also has|and has now} {invested|spent|put in|devoted|expended|sunk} 75{%|Percent|Per cent} {of its|of their|of the|from the|with the|of that} {funds|money|resources|cash|finances|capital} {in the form of|by means of|as|such as|available as|through} {early|earlier|early on|very early|ahead of time|beginning} {stage|phase|period|point|level|step} {financing|funding|credit|loans|finance|lending} in XYZ Sdn Bhd (XYZ) which undertakes {technology|technologies|modern technology|technological innovation|engineering|systems}-{based|dependent|centered|structured|primarily based|established} {activities|routines|actions|pursuits|things to do|exercises} as {provided|supplied|offered|presented|given|furnished} {in the|within the|inside the|from the|during the|on the} Venture Capital Tax Incentives Guidelines. {The balance|The total amount} {of the|from the|in the|of your|with the|on the} {funds|money|resources|cash|finances|capital} was {temporarily|briefly|in the short term|for the short term|momentarily|for the time being} {invested in|committed to|dedicated to|purchased|devoted to|bought} {listed|outlined|shown|detailed|posted|mentioned} {portfolio|profile|stock portfolio|collection|investment portfolio|account} {investments|ventures|assets|purchases|investment strategies|investment opportunities} {as well as|in addition to|along with|and also|together with|and} {fixed|repaired|set|resolved|preset|predetermined} {deposits|build up|deposit}.
Both ABC and XYZ {are not|usually are not|are certainly not|will not be|are usually not|may not be} {related|associated|connected|relevant|linked|similar} {companies|businesses|organizations|firms|corporations|providers} and {closes|shuts} its {accounts|profiles|balances|credit accounts|bank account|bank accounts} to 31 December {every year|each year|each and every year|annually|yearly|year after year}. ABC has {obtained|acquired|attained|received|secured|gathered} a {certification|accreditation|qualification|recognition} from SC {confirming|verifying|affirming} {that it|it|which it|that this|that it really|so it} {had|experienced|got|possessed|obtained|acquired} {invested|spent|put in|devoted|expended|sunk} {at least|a minimum of|at the very least|no less than|at the least|not less than} 70{%|Percent|Per cent} {of its|of their|of the|from the|with the|of that} {invested|spent|put in|devoted|expended|sunk} {funds|money|resources|cash|finances|capital} {in the|within the|inside the|from the|during the|on the} VC {for the|for your|for that|to the|for any|for those} {year|calendar year|12 months|season|year or so|twelve months} {ending|finishing|concluding|stopping|closing} 31 December 2015.