Securities Commission outlines conditions for Single Family Office incentive scheme
Three days after Malaysia’s Finance Minister II announced the tax incentives for the Forest City Special Financial Zone (“FCSFZ”) on 20 September 2024, the Securities Commission Malaysia (“SC”) issued a media release outlining the conditions for the Single Family Office incentive scheme (“SFO Scheme”), which is one of the incentives for the FCSFZ.
As announced by the Finance Minister II on 20 September 2024, the SFO Scheme which provides a 0% concessionary tax rate on income generated by eligible investments from the Single Family Office Vehicle (“SFOV”) is to be coordinated by the SC.
