Malaysia: Proposed single family office tax incentive regime for Forest City
0% tax rate for family offices for up to 20 years
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