Since the regime was introduced in 2009, 165 funds have registered funds in terms of the Section 12J tax dispensation — and 120 of them are currently active.
Aurik Investment Holdings plans to raise capital of between R60-million and R100-million for its 12J growth fund. CEO Pavlo Phitidis says it would benefit at least 12 small- to medium-sized businesses. The tax regime was introduced in 2009 to catalyse business formation and job creation. Small businesses are considered the backbone of the local economy, but historically growth has been stymied by the lack of venture capital opportunities.
Experts, however, are concerned that new limits imposed on tax rebates stipulated under Section 12J of the Income Tax Act will reduce the amount of venture capital that companies can raise. The threshold would also discourage corporations from investing in 12J funds, he says. Companies are more likely to invest at levels of up to R20-million. He estimates that corporate funding made up just 10% of the R3-billion raised by Section 12J funds over the past few weeks.National Treasury, however, says it will limit abuse of the system. According to its, the new threshold will apply in respect of expenditure incurred by the taxpayer on or after 21 July 2019.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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