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.
