proposed granting corporate income tax exemptions to “mutual funds” whose units are subscribed solely by provident funds. In light of this approach, SEC is revising the regulations on establishing mutual
from the standard SSF and other tax benefit funds. To be qualified for special tax exemption, the special SSF must be subscribed during 1 April – 30 June 2020 and held at least 10 years
In a case that at the minimum 80% of targeted fundraising amount in crowdfunding project are subscribed, this is regarded as successful debenture crowdfunding. This regulatory revision aims to