Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 100

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 10
Chunk 100
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hip for United States federal income tax purposes) is a beneficial owner of our ordinary shares, the tax treatment of a partner
in the partnership will depend upon the status of the partner and the activities of the partnership. Partnerships and partners of a partnership
holding our ordinary shares are urged to consult their tax advisors regarding an investment in our ordinary shares.

Taxation of Dividends and Other Distributions on our Ordinary
Shares

Subject to the passive foreign investment company
rules discussed below, distributions of cash or other property made by us to you with respect to the ordinary shares (including the amount
of any taxes withheld therefrom) will generally be includable in your gross income as dividend income on the date of receipt by you, but
only to the extent that the distribution is paid out of our current or accumulated earnings and profits (as determined under U. S. federal
income tax principles). With respect to corporate U. S. Holders, the dividends will not be eligible for the dividends-received deduction
allowed to corporations in respect of dividends received from other U. S. corporations.

With respect to non-corporate U. S. Holders, including
individual U. S. Holders, dividends will be taxed at the lower capital gains rate applicable to qualified dividend income, provided that
(1) the ordinary shares are readily tradable on an established securities market in the United States, or we are eligible for the
benefits of an approved qualifying income tax treaty with the United States that includes an exchange of information program, (2) we
are not a passive foreign investment company (as discussed below) for either our taxable year in which the dividend is paid or the preceding
taxable year, and (3) certain holding period requirements are met. You are urged to consult your tax advisors regarding the availability
of the lower rate for dividends paid with respect to our ordinary shares, including the effects of any change in law after the date of
this annual report.

To the extent that the amount of the distribution
exceeds our current and accumulated earnings and profits (as determined under U. S. federal income tax principles), it will be treated
first as a tax-free return of your tax basis in your ordinary shares, and to the extent the amount of the distribution exceeds your tax
basis, the excess will be taxed as capital gain. We do not intend to calculate our earnings and profits under U. S. federal income tax
principles. Therefore, a U. S. Holder should expect