Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 99

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 10
Chunk 99
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 or change, possibly
with retroactive effect. No ruling has been sought from the Internal Revenue Service (the “ IRS”) with respect to any United
States federal income tax consequences described below, and there can be no assurance that the IRS or a court will not take a contrary
position. This discussion does not address all aspects of United States federal income taxation that may be important to particular investors
in light of their individual circumstances, including investors subject to special tax rules (such as, for example, certain financial
institutions, insurance companies, regulated investment companies, real estate investment trusts, broker-dealers, traders in securities
that elect mark-to-market treatment, partnerships (or other entities treated as partnerships for United States federal income tax purposes)
and their partners, tax-exempt organizations (including private foundations)), investors who are not U. S. Holders, investors that own
(directly, indirectly, or constructively) 5% or more of our voting shares, investors that hold their ordinary shares as part of a straddle,
hedge, conversion, constructive sale or other integrated transaction), or investors that have a functional currency other than the U. S.
dollar, all of whom may be subject to tax rules that differ significantly from those summarized below. In addition, this discussion does
not address any tax laws other than the United States federal income tax laws, including any state, local, alternative minimum tax or
non-United States tax considerations, or the Medicare tax on unearned income.

General

For purposes of this discussion, a “ U. S.
Holder” is a beneficial owner of our ordinary shares that is, for United States federal income tax purposes, (i) an individual
who is a citizen or resident of the United States, (ii) a corporation (or other entity treated as a corporation for United States
federal income tax purposes) created in, or organized under the laws of, the United States or any state thereof or the District of Columbia,
(iii) an estate the income of which is includible in gross income for United States federal income tax purposes regardless of its
source, or (iv) a trust (A) the administration of which is subject to the primary supervision of a United States court and which
has one or more United States persons who have the authority to control all substantial decisions of the trust or (B) that has otherwise
elected to be treated as a United States person under the Code.

If a partnership (or other entity treated as a
partners