In Budget 2020, it was proposed that the application period for tax exemption for angel investors be extended for another three years, until 31 December 2023 (see Special Tax Alert: Highlights of 2020 Budget). To legislate this extension, the Income Tax (Exemption) (No. 3) 2014 (Amendment) Order 2019 [P.U.(A) 399] was gazetted on 31 December 2019.
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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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