Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 5

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 3
Chunk 5
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 in the value of the RM. To the extent the United States Dollar increases in value relative to the RM, our margins
may be adversely affected. Foreign exchange rates may also impact trade between countries as fluctuations in currencies may impact the
value of goods as between two trading countries. We do not take actions to hedge against foreign exchange and transaction risks and are
therefore exposed to the swing in the value of the RM. Consequently, short-term or long-term exchange rate movements or controls may have
a material adverse effect on our business, financial condition, results of operations and liquidity.

Changes in tax laws, tax treaties as well
as judgments and estimates used in the determination of tax-related asset (liability) and income (expense) amounts, could materially adversely
affect our business, financial condition and results of operations.

We operate in jurisdictions and may be subject
to the tax regimes and related obligations in the jurisdictions in which we operate or do business. Changes in tax laws, bilateral double
tax treaties, regulations and interpretations could adversely affect our financial results. The tax rules of the various jurisdictions
in which we operate or conduct business often are complex, involve bilateral double tax treaties and are subject to varying interpretations.
Tax authorities may challenge tax positions that we take or historically have taken, may assess taxes where we have not made tax filings,
or may audit the tax filings we have made and assess additional taxes. Such assessments, either individually or in aggregate, could be
substantial and could involve the imposition of penalties and interest. For such assessments, from time to time, we use external advisors.
In addition, governments could impose new taxes on us or increase the rates at which we are taxed in the future. The payment of substantial
additional taxes, penalties or interest resulting from tax assessments, or the imposition of any new taxes, could materially and adversely
impact our results, financial condition and liquidity. Additionally, our provision for income taxes and reporting of tax-related assets
and liabilities require significant judgments and the use of estimates. Amounts of tax-related assets and liabilities involve judgments
and estimates of the timing and probability of recognition of income, deductions and tax credits. Actual income taxes could vary significantly
from estimated amounts due to the future impacts of, among other things, changes in tax laws, regulations and interpretations, our financial
condition and results of operations, as well as the resolution of any audit issues raised by taxing authorities.

We
will be subject to various risks related to artificial intelligence (“ AI”) and technology as we expand.

As we