A game-changer for family businesses: the time is now
We are pleased to announce that on 20 September 2024, the Finance Minister II, YB Senator Datuk Seri Amir Hamzah Azizan announced the Forest City Special Financial Zone Tax Incentive, which amongst others, includes a 0% tax rate for the Family Offices up to 20 years.
The Single Family Office Scheme will be coordinated by the Securities Commission Malaysia and is aimed at being operational by the first quarter of 2025.
We are pleased to set out the salient points which can be accessed via the above links.
From asset transitions and succession planning to tackling the nuances of tax and legal matters, there is no one-size-fits-all solution. KPMG Private Enterprise professionals and Zaid Ibrahim & Co (in association with KPMG Law) are ready to equip you with the right strategies and professional expertise to preserve your legacy for generations to come.
Petaling Jaya Office
Soh Lian Seng
Partner - Head of Tax and Tax Dispute Resolution
lsoh@kpmg.com.my
+ 603 7721 7019
Ng Sue Lynn
Partner - Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271
Tai Lai Kok
Partner - Head of Corporate Tax
ltai1@kpmg.com.my
+ 603 7721 7020
Bob Kee
Partner - Head of Transfer Pricing
bkee@kpmg.com.my
+ 603 7721 7029
Long Yen Ping
Partner - Head of Global Mobility Services yenpinglong@kpmg.com.my
+ 603 7721 7018
Outstation Offices
Penang
Evelyn Lee
Partner
evewflee@kpmg.com.my
+603 7721 2399
Ipoh
Crystal Chuah Yoke Chin
Associate Director
ycchuah@kpmg.com.my
+603 7721 2714
Kuching & Miri
Regina Lau
Partner
reglau@kpmg.com.my
+603 7721 2188
Kota Kinabalu
Titus Tseu
Executive Director
titustseu@kpmg.com.my
+603 7721 2822
Johor
Ng Fie Lih
Partner
flng@kpmg.com.my
+603 7721 2514