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Forest City tax incentives to be introduced in Malaysia

Forest City tax incentives to be introduced in Malaysia

The incentives were announced in September. They were introduced to attract investment to the financial zone with special conditions Forest City.

What exactly is proposed?

Introduce preferential corporate tax rates of 0%-5% for companies operating in the financial technology and services sector. There is also talk of a zero rate for family investment offices and a reduced tax rate (15%) on income for Forest City employees. Financial companies can also receive various incentives, and foreign investors and skilled workers can count on multiple entry visas.

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