The Income Tax (Single Family Office Incentive Scheme) (Pulau 1 of Forest City Special Financial Zone) Rules 2025 (“Rules”) was gazetted on 3 October 2025 and is deemed to have come into operation on 1 September 2024.
This gazettement marks the formalisation of Malaysia’s first tax incentive framework for SFOs, positioning the country as a regional hub for family wealth management. The framework offers a 20-year incentive period (10+10 years), including exemptions on capital gains, stamp duty, and other income.
Applications for SFOs may be submitted to the Securities Commission Malaysia from 1 September 2024 to 31 December 2034. The SFO Scheme involves two stages: an initial certification by the Securities Commission and an annual tax certification confirming ongoing compliance.
Read the complete Rules here.
If you wish to explore the benefits and requirements of the SFO Scheme, please do not hesitate to contact us.