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Malaysia: Proposed single family office tax incentive regime for Forest City

0% tax rate for family offices for up to 20 years

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September 23, 2024

The Finance Minister on September 20, 2024, announced a new single family office (SFO) tax incentive regime for Forest City that includes a 0% tax rate for family offices for up to 20 years.  

The intention is for the regime to become operational by the first quarter of 2025. 

Read a September 2024 report prepared by the KPMG member firm in Malaysia

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