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Malaysia announces tax breaks, incentives in Forest City development to boost investments

02:44 Min

Johor's Forest City is set to become the first location in Malaysia to offer a zero per cent tax rate for family wealth offices. This is among the incentives announced at the launch of a Special Financial Zone (SFZ) in the southern state on Sep 20. The SFZ aims to attract international investment and establish itself as a hub for global financial services in the region. CNA's Afifah Ariffin with this report.

Johor's Forest City is set to become the first location in Malaysia to offer a zero per cent tax rate for family wealth offices. This is among the incentives announced at the launch of a Special Financial Zone (SFZ) in the southern state on Sep 20. The SFZ aims to attract international investment and establish itself as a hub for global financial services in the region. CNA's Afifah Ariffin with this report.

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